Fashion distributor Nitches announces to change Auditor
26 Aug '05
3 min read
Section 404 of the Sarbanes-Oxley Act of 2002 requires a public company to include with its audited financial statements the attestation of its independent auditors to a report on the company's internal controls over financial reporting.
This additional requirement is expected substantially to increase the work required of the independent auditor. Nitches will be subject to this requirement as of the end of its fiscal year ending August 31, 2006, although preparation to comply with this requirement must commence well in advance of that date and the company has already initiated several phases of this project.
San Diego, California based Nitches Inc is an importer and wholesale distributor of men's and women's garments, manufactured to specifications primarily in foreign countries.
The Company's shares are traded on the National SmallCap Market under the symbol NICH. Nitches leverages fabric focus and production expertise to provide apparel products and manufacturing services to defined market segments at a low cost. Apparel designers and retailers alike choose Nitches to fulfill their manufacturing needs.
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