Starco Brands Inc
For the period ended Dec 31, 2023. Filed Apr 3, 2024.
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FY2023 · Filed Apr 3, 2024
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Item 14. Principal Accountant Fees and Services
| Item 14. | Principal Accounting Fees and Services. |
|---|
Audit Fees
Macias Gini & O’Connell LLP (“MGO”) has served as our independent registered public accountants for the years ended December 31, 2023 and 2022. The following is a summary of the fees billed or expected to be billed to us by MGO for professional services rendered with respect to the fiscal years ended December 31, 2023 and 2022:
| MGO | |||
|---|---|---|---|
| 2023 · 2022 | |||
| Audit fees (1) | $470,000 | $300,000 | |
| Audit-related fees (2) | - | 155,000 | |
| Tax fees (3) | - | - | |
| All other fees (4) | - | - | |
| $ | - | $455,000 | |
| (1) | Audit Fees consist of fees billed and expected to be billed for services rendered for the audit of our consolidated financial statements for the years ended December 31, 2023 and 2022, and the review of our condensed consolidated financial statements included in our Quarterly Reports on Form 10-Q. |
| (2) | Audit-related fees represent professional services rendered for assurance and related services by the accounting firm that are reasonably related to the performance of the audit or review of our consolidated financial statements that are not reported under “Audit Fees.” |
| (3) | Tax Fees consist of fees billed for professional services related to preparation of our U.S. federal and state income tax returns and tax advice. |
| (4) | All Other Fees consist of fees billed for products and services provided by our independent registered public accountants, other than those disclosed above. |
Pre-Approval Policies
Our Board of Directors approves the engagement of the auditor before the firm renders audit and non-audit services. Since the Company does not have an audit committee, we do not rely on pre-approval policies and procedures.
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