Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 179

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 179
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understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing
procedures to assess the risks of material misstatement of the consolidated financial statements, 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 consolidated financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that
our audits provide a reasonable basis for our opinion.

<div align='center'>F-2</div>

Critical Audit Matter

The critical audit matter
communicated below is a matter arising from the current period audit of the consolidated financial statements that were communicated
or required to be communicated to those charged with governance and that: (1) relate to accounts or disclosures that are material
to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication
of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are
not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts
or disclosures to which they relate.

Valuation of Inventory

As described in Note 4,
to the financial statements, the Company’s inventory, net at December 31, 2023, was $7.4 million. Inventory consists
primarily of finished goods and is valued at the lower of cost and net realizable value. The Company records a provision for aged, obsolete,
or unsellable inventory, which can involve a high degree of judgment. The Company annually reviews its inventory and identifies factors
which may include future demand, market conditions, technological changes, product life cycle and development plans, component cost trends,
product pricing, physical deterioration and quality issues.

The valuation of inventory
was identified as a critical audit matter because of the significant assumptions management makes with regards to its valuation of inventory
and the increased extent of effort required performing audit procedures to evaluate the reasonableness of management’s assumptions
and estimates.

The primary procedures we
performed to address this critical audit matter included:

| ● | Performed                                                    
 independent test counts of the Company’s physical inventory. |

| ● | Obtained