Attached files
| file | filename |
|---|---|
| S-1/A - AMENDMENT NO. 4 - Amrose Oil Co Inc. | aoci_s1a.htm |
| EX-5.1 - OPINION - Amrose Oil Co Inc. | aoci_ex51.htm |
| EX-23.1 - CONSENT - Amrose Oil Co Inc. | aoci_ex231.htm |
| EX-24.1 - POWER OF ATTORNEY - Amrose Oil Co Inc. | aoci_ex241.htm |
| EX-99.1 - MANAGEMENT REP LETTER - Amrose Oil Co Inc. | aoci_ex991.htm |
| EX-10.9 - DIRECTORS SERVICES AGREEMENT - Amrose Oil Co Inc. | aoci_ex109.htm |
| EX-23.2 - CONSENT - Amrose Oil Co Inc. | aoci_ex232.htm |
| EX-99.2 - SEC COMMENT LETTER RESPONSES - Amrose Oil Co Inc. | aoci_ex992.htm |
Exhibit 5.2
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of
Amrose Oil Company, Inc.
We have audited the accompanying balance sheets of Amrose Oil Company, Inc. (the “Company”) as of December 31, 2013 and 2012, and the related statement of operations, changes in stockholders’ deficit and cash flows for the years then ended December 31, 2013 and 2012 and for the period from August 10, 2011 (inception) to December 31, 2013. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States of America). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that we considered appropriate under the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Amrose Oil Company, Inc. as of December 31, 2013 and 2012, and the results of its operations and its cash flows for the years ended December 31, 2013 and 2012, in conformity with accounting principles generally accepted in the United States of America.
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has experienced recurring operating losses and negative cash flows since inception and has financed its working capital requirements through advances from officers and a shareholder. These conditions, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management's plans concerning these matters are also described in Note 3 to the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Anton & Chia, LLP
Newport Beach, California
October 30, 2014