Full text of SAPENO INC.'s X-17A-5 filed 2024-01-26 (period 2023-11-30). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------  **MERCURI US&: ASSOCIATES LLP** +9111 **4559 6689** ~ **info@masllp.com B** **www.masllp.com** ~ ### Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors of Sapeno Inc. #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of the Sapeno Inc. (the "Company") as of November 30, 2023 and the related notes (collectively referred to as the ("financial statement"). In our opinion, the financial statement present fairly, in all material respect, the financia l position of the Company as of November 30, 2023 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** The financial statement is the responsibility of the Sapeno Inc. 's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federa l securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance r1bout whether the financial statement is free from material misstatement, whether due to error or fra ud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the fina ncial statement. We believe that our audit of the financial statement provide a reasonable basis for our opinion. **Mercurius** & **Associates LLP** (Formerly known as AJSH & Co LLP) We have served as the Sapeno lnc.'s Auditor since November 30, 2023. New Delhi, India January 24, 2024  LLPI N-AAG-J.471 **A-94/8,** Waxirpur Industrial **Area** New Delhi-110052, India {1}------------------…Read the full text as markdown