What measures will be taken to control spending of gathered funds?
AITradings financials will be audited annually to provide transparency for its shareholders and backers.
An internal control framework will be set up by the board of directors to ensure that:
- Adequate funding is dedicated to each development stage;
- Funding of the next development stage is only unlocked after delivery of the previous stage;
- Budget constraints properly limit spending within the development stage;
- Compliance requirements are handled appropriately by the management team; and
- External audit of financial statements is performed yearly and the results are reported to shareholders.