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Luminar Media Group Engages PCAOB Auditor Turner Stone to Strengthen Financial Integrity

By Burstable Editorial Team

TL;DR

Luminar Media Group gains a competitive edge by hiring Turner Stone as auditor, enhancing financial credibility for uplisting and attracting investors.

Luminar engaged PCAOB-registered Turner Stone to conduct audits, ensuring compliance and accurate financial reporting as part of uplist preparation.

This move supports small businesses through Fortun's financing platform, fostering economic growth and entrepreneurial success nationwide.

Turner Stone brings decades of expertise to audit Luminar's innovative revenue-based financing platform for SMEs.

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Luminar Media Group Engages PCAOB Auditor Turner Stone to Strengthen Financial Integrity

Luminar Media Group, Inc. (OTC: LRGR) has retained Turner, Stone & Company, LLP as its independent auditing firm, marking a significant step in the company's commitment to financial integrity and transparency. The engagement of this PCAOB-registered firm comes as Luminar continues to scale its Fortun subsidiaries, which provide revenue-based financing solutions to small and medium-sized businesses across the United States and Puerto Rico.

Turner Stone brings decades of experience as a PCAOB-registered firm with a strong track record serving growth-oriented companies. Their client-focused approach, combined with deep technical expertise, will provide Luminar with robust support as the company advances its operational and capital markets objectives. This appointment represents a strategic milestone in Luminar's long-term vision of becoming a leading force in alternative finance and fintech innovation.

Yoel Damas, Chairman of the Board of Luminar Media Group, stated that the choice of auditor underscores the company's dedication to best practices, accurate reporting, and building long-term shareholder trust. The engagement reflects Luminar's commitment to maintaining the highest standards of financial integrity and compliance as the company executes on its growth strategy, including preparation for potential uplisting initiatives.

The selection of a reputable auditing firm like Turner Stone signals to investors and stakeholders that Luminar is taking deliberate steps toward enhanced corporate governance and financial transparency. This move is particularly important for companies operating in the alternative finance space, where trust and credibility are essential for sustained growth and market confidence. The appointment may also facilitate Luminar's future capital raising efforts and potential market expansion.

For the broader fintech industry, Luminar's engagement of a PCAOB-registered auditor demonstrates the increasing maturation of alternative financing platforms and their commitment to meeting the same rigorous standards as traditional financial institutions. This development could set a precedent for other companies in the revenue-based financing sector, potentially raising the bar for financial reporting and compliance across the industry. View the original release on https://www.newmediawire.com.

Curated from NewMediaWire

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Burstable Editorial Team

Burstable Editorial Team

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