Item 8. Financial Statements and Supplementary Data
ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The
Consolidated Financial Statements that constitute Item 8 are included at the end of this report on page F-1.
ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
NETSOL’s
financial statements for the fiscal years ended June 30, 2021 and June
30, 2020, did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope,
or accounting principles.
In
connection with the audit of NETSOL’s financial statements for the fiscal year ended June 30, 2021 and 2020, there were
no disagreements, disputes, or differences of opinion with BF Borgers CPA PC. (“BF Borgers”) on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope and procedures, which, if not resolved to the satisfaction
of BF Borgers would have caused BF Borgers to make reference to the matter in its report.
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