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Alfi Engages Frazier & Deeter, LLC as New Independent Auditor

Alfi (NASDAQ:ALF) has engaged Frazier & Deeter, LLC as its independent auditor for the fiscal year ending December 31, 2021.

(Moderate)

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Rhea-AI Summary

Alfi (NASDAQ:ALF) has engaged Frazier & Deeter, LLC as its independent auditor for the fiscal year ending December 31, 2021. The decision was approved by the Audit Committee and ratified by the Board of Directors following a thorough evaluation process. Frazier & Deeter, a Top 50 accounting firm based in Atlanta, will conduct audits of the Company's consolidated financial statements and review the unaudited financial information for the quarter ending September 30, 2021. Alfi specializes in AI-driven advertising solutions for digital out-of-home advertising.

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Positive

  • Engagement of Frazier & Deeter as independent auditor enhances credibility.
  • Audit approval indicates thorough governance and financial oversight.

Negative

  • None.
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News Market Reaction – ALF

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MIAMI BEACH, FL / ACCESSWIRE / December 30, 2021 / ALFI (NASDAQ:ALF) (the "Company"), an AI enterprise SaaS advertising platform, announced today the engagement of Frazier & Deeter, LLC ("Frazier & Deeter") as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements for the fiscal year ending December 31, 2021. In connection with the annual audit, Frazier & Deeter will also review the Company's unaudited financial information to be included in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021.

Frazier & Deeter is an award-winning Top 50 accounting and advisory firm headquartered in Atlanta, Georgia. The firm provides a wide range of tax, audit, accounting and advisory services to serve the emerging needs of clients as they evolve.

The Audit Committee of the Company's Board of Directors approved the engagement of Frazier & Deeter after a careful and thorough evaluation process. The Board of Directors ratified the engagement.

About Alfi, Inc.

Alfi, Inc. provides solutions that bring transparency and accountability to the digital out-of-home advertising marketplace. Since 2018, Alfi, Inc. has been developing its artificial intelligence advertising platform to deliver targeted advertising in an ethical and privacy-conscious manner. For more information, please visit: https://www.getalfi.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Alfi Inc. Investor Relations

TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

Alfi Inc. U.S. Media Contacts

Danielle DeVoren
KCSA Strategic Communications
Alfi@kcsa.com

SOURCE: Alfi, Inc.



View source version on accesswire.com:
https://www.accesswire.com/680227/Alfi-Engages-Frazier-Deeter-LLC-as-New-Independent-Auditor

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who has Alfi engaged as their independent auditor for 2021?

Alfi has engaged Frazier & Deeter, LLC as their independent auditor for the fiscal year 2021.

What financial statements will Frazier & Deeter audit for Alfi?

Frazier & Deeter will audit Alfi's consolidated financial statements for the fiscal year ending December 31, 2021.

What is the significance of engaging an independent auditor for ALF?

Engaging an independent auditor like Frazier & Deeter enhances the credibility and reliability of Alfi's financial reporting.

What is Alfi's area of specialization?

Alfi specializes in AI-driven solutions for the digital out-of-home advertising marketplace.

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