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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Previsto International Holdings Inc (CE) | USOTC:HLOI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000133 | 0.00 | 01:00:00 |
[X]
|
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For
the fiscal year ended December 31,
2008
|
Large
Accelerated filer
|
[ ] |
Accelerated
filer
[ ]
|
|||
Non-accelerated
filer
|
[ ] |
Smaller
reporting company [ X ]
|
|||
(Do
not check if a smaller reporting
company)
|
(i)
|
The
Company’s management is relying on external consultants for purposes of
preparing its financial reporting package; the Company’s officer may not
be able to identify errors and irregularities in the financial reporting
package before its release as a continuous disclosure
document.
|
(ii)
|
As
the Company is governed by one officer who is also the only director,
there is an inherent lack of segregation of duties and lack of independent
governing board.
|
(iii)
|
The
Company does not have standard procedures in place to ensure that the
financial statements agree to the underlying source documents and
accounting records, that all of its transactions are completely reflected
in the financial statements.
|
(iv)
|
There
are no controls in place to ensure that expenses are recorded when
incurred, as opposed to when invoices are presented by suppliers,
increasing the risk of incomplete expenses and accrued
liabilities.
|
1.
|
We
do not have an Audit Committee – While not being legally obligated to have
an audit committee, it is the management’s view that such a committee,
including a financial expert member, is an utmost important entity level
control over our financial statements. To date we have not
established an audit committee.
|
2.
|
Insufficient
documentation of financial statement preparation and review procedures -
We employ policies and procedures in reconciliation of the financial
statements and the financial information based on which the financial
statements are prepared, however, the controls and policies we employ are
not sufficiently documented.
|
3.
|
We
did not maintain proper segregation of duties for the preparation of our
financial statements – As of December 31, 2008 the majority of the
preparation of financial statements was carried out by one
person. Additionally, we currently only have one
officer/director having oversight on all transactions. This has resulted
in several deficiencies including:
|
|
a.
|
Significant,
non-standard journal entries were prepared and approved by the same
person, without being checked or approved by any other
personnel.
|
|
b.
|
Lack
of control over preparation of financial statements, and proper
application of accounting policies.
|
4.
|
We
lack sufficient information technology controls and procedures – As of
December 31, 2008, we lacked a proper data back up procedure, and while
backup did take place in actuality, we believe that it was not regulated
by methodical and consistent activities and
monitoring.
|
1.
|
Our
Board of Directors will nominate an audit committee and audit committee
financial expert.
|
2.
|
We
will appoint additional personnel to assist with the preparation of our
financial statements; which will allow for proper segregation of duties,
as well as additional manpower for proper
documentation.
|
3.
|
We
will engage in a thorough review and restatement of our information
technology
control
procedures, in addition to procurement of all hardware and software that
will enable us to maintain proper backups, access, control
etc.
|
|
PART
IV
|
ITEM
15.
|
EXHIBITS,
FINANCIAL STATEMENT SCHEDULES
|
Incorporated
by reference
|
|||||
Exhibit
|
Document
Description
|
Form
|
Date
|
Number
|
Filed
herewith
|
14.1
|
Code
of Ethics
|
10-KSB
|
March
30, 2005
|
14.1
|
|
31.1
|
Certification
of Principal Executive Officer and Principal
Financial
Officer pursuant to 15d-15(e), promulgated
under
the Securities and Exchange Act of 1934, as
amended
|
X
|
|||
32.1
|
Certification
pursuant to 18 U.S.C. Section 1350, as
adopted
pursuant to Section 906 of the Sarbanes-Oxley
Act
of 2002 (Chief Executive Office and Chief Financial
Officer)
|
X
|
|||
HEALTH
ANTI-AGING LIFESTYLE OPTIONS, INC.
|
||
BY:
|
DAVID
ALLEY
|
|
David
Alley, President, Principal Executive Officer, Principal Financial
Officer, Principal Accounting Officer, Secretary, Treasurer and a member
of the Board of Directors.
|
Incorporated
by reference
|
|||||
Exhibit
|
Document
Description
|
Form
|
Date
|
Number
|
Filed
herewith
|
14.1
|
Code
of Ethics
|
10-KSB
|
March
30, 2005
|
14.1
|
|
31.1
|
Certification
of Principal Executive Officer and Principal
Financial
Officer pursuant to 15d-15(e), promulgated
under
the Securities and Exchange Act of 1934, as
amended
|
X
|
|||
32.1
|
Certification
pursuant to 18 U.S.C. Section 1350, as
adopted
pursuant to Section 906 of the Sarbanes-Oxley
Act
of 2002 (Chief Executive Office and Chief Financial
Officer)
|
X
|
|||
1 Year Previsto (CE) Chart |
1 Month Previsto (CE) Chart |
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