The SEC also charged the MFT Group and Foundry Venture with violation of Section 54.1 (c), in relation to Section 54.2 of the SRC and Section 177 of the Revised Corporation Code, and SRC Rule 68 ...

While MFT Group of Companies was the audit client, Isla Lipana clarified that the company was being audited as a "standalone entity" and that it was not acting as an auditor for any other company ...