MONTREAL, Aug. 26, 2022 /CNW Telbec/ – IOU Financial Inc. (TSXV: IOU) (“IOU Financial” or the “Company”), a leading online lender to small businesses (IOUFinancial.com), announced today the change of its auditor from PricewaterhouseCoopers LLP (the “Former Auditor”) to KPMG LLP (“KPMG”) effective August 26, 2022.
IOU Financial’s board of directors accepted the resignation of the Former Auditor, which resigned of its own initiative, effective August 26, 2022, and appointed KPMG as its auditor effective on the same date and until the close of the Company’s next annual general meeting of shareholders.
There was no modified opinion in the Former Auditor’s audit reports with respect to the Company’s financial statements for the two most recently completed fiscal years. In the opinion of the Company, no “reportable events” (as this term is defined in National Instrument 51-102 – Continuous Disclosure Obligations) has occurred between the Company and the Former Auditor.
In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the audit committee and the board of directors and have been filed on SEDAR.
On behalf of the Company’s shareholders and Board of Directors, I would like to express our sincere gratitude to PricewaterhouseCoopers LLP for their past services”, said Mr. Evan Price, IOU Financial’s Chairman of the Board of Directors.
“We look forward to working with KPMG in the future”, said Mr. David Kennedy, CFO of IOU Financial.
About IOU Financial Inc.
IOU Financial Inc. is a wholesale lender that provides quick and easy access to growth capital to small businesses through a network of preferred brokers across the US. Built on its proprietary IOU360 technology platform that connects underwriters, merchants and brokers in real time, IOU Financial has become a trusted alternative to banks by originating over US$1 billion in loans to fund small business growth since 2009. IOU was named one of the 50 Best Places to Work in Fintech for 2022 by American Banker and trades on the TSX Venture Exchange under the symbol IOU (TSXV: IOU), and on the US OTC markets as IOUFF. To learn more about IOU Financial’s corporate history, financial products, or to join our broker network please visit www.IOUFinancial.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content:https://www.prnewswire.com/news-releases/iou-financial-announces-change-of-auditor-301613370.html
SOURCE IOU Financial Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2022/26/c7291.html
Tough times ahead. But you don't need to sell it all.
Investors are looking for places to hide as the Federal Reserve makes no bones about inflicting pain if that's what it will take to win its inflation fight.
Follow Buffett’s lead. And collect big dividends while you’re at it.
Get in now before the train takes off?
The old stock market axiom to buy when others are fearful could readily apply right now, according to Ashish Shah, chief investment officer at Goldman Sachs. Amid concerns markets will be volatile following Federal Reserve Chair Jerome Powell’s Jackson Hole policy speech on Friday, Shah thinks that doesn’t mean investors should stay on the sidelines at present. It's preferable to buy "when there's fear in the market," say Shah. "Don't fall into the trap of buying when there's FOMO," he added. Ag
These household names offer a combination of powerful business advantages and bargain-bin stock prices.
Research presented at the Fed's Jackson Hole conference suggests that the central bank's shrinking of its balance sheet is not likely to be a benign process.
Dividends are the bread and butter of income investors. You don't need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their own. Putting together a portfolio that generates at least … Continue reading → The post How to Make $1,000 a Month in Dividends appeared first on SmartAsset Blog.
DEEP DIVE It took only a 10-minute speech from Federal Reserve Chairman Jerome Powell on Friday to clarify that monetary policy would be relentlessly tightened in the months ahead. Investors dumped stocks, sending the S&P 500 Index down 3.
Higher borrowing costs translate to wider margins for lenders, but not all banks gain equally. RBC Capital Markets took a look at the potential winners.
The so-called chip king has reduced guidance three times this year. But more trouble lies ahead, in a crypto card glut and competition from Advanced Micro Devices.
“Don’t Fight the Fed” was chapter 4 in investing legend Martin Zweig’s landmark book Winning on Wall Street. Zweig dedicated 40 pages to explain readers why they should “go with the flow” with respect to the Fed’s trend. As we heard from Fed Chair Jay Powell himself today, the Fed is committed to bring down inflation even if it causes some economic pain. Powell had signaled the Fed is likely to keep raising interest rates in the months ahead, and that could spell recession down the road. It’s a
Though signs point to prices moderating, Powell said on Friday that the bank will continue to hike interest rates this year
The news is good for some — but not for others.
For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.
Former US Treasury Secretary Lawrence Summers handed out some rare praise for the Federal Reserve on Friday, saying Chair Jerome Powell’s latest pledge to restrain inflation was a “statement of being resolute.”
Despite historically high inflation, the Oracle of Omaha has sold shares of these supercharged income stocks, which are yielding between 3.9% and 5.8%.
If you're ready to invest $200,000 (or something close to it) with the goal of turning it into $1 million, this article will help you understand your options and focus your investment strategy. If you're not sure what you should do, … Continue reading → The post How to Invest $200K and Turn It Into $1 Million appeared first on SmartAsset Blog.
As these catalysts are not likely to subside any time soon, natural gas prices could remain elevated at levels not seen since 2008. Here are three stocks related to natural gas exploration, production and distribution, and also pay high dividends to shareholders. ONE Gas Inc. is one of the largest publicly traded natural gas utilities in the United States.
Bloomberg reported that Porsche stock could be valued at $60 billion to $85 billion in an initial public offering.