Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 533

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 533
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 by communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates.

<div align='center'>F-21</div>

Revenue recognition

As discussed in Notes 2 to the consolidated financial statements, revenue are primarily derived from providing AI+Martech service and AI+Software development services that are recognized as the performance obligations are satisfied point in time. During the two years ended September 30, 2024 and 2023, AI+Martech service and AI+Software development services provided was delivered approximately $46.9 million and $38.5 million in revenue pursuant to the service agreements entered, respectively. Pursuant to the contracts, the Company is responsible for assisting its clients in effective advertising solutions by optimizing advertising content and precisely matching content with targeted consumers by processing a massive amount of data through efficient automation.

We identified the accounting for revenue recognition of AI+Martech service and AI+Software development services as a critical audit matter due to the fact that the AI+Martech services provided highly relied on central processing algorithms established in the cloud storage and the transactions were processed frequently, and AI+Software development services are subject to client’s acceptance. This led to a high degree of auditor judgment, subjectivity and significant audit effort was required in performing procedures to evaluate management’s determination of timing of when the performance obligation is fulfilled.

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

| Ø | Obtained and understood the service agreements of AI+ Martech service and AI+ Software development services provided; |

| Ø | Performed walkthroughs of sales transactions to confirm the working flow of the key business cycles; |

| Ø | Obtained and assess the reasonableness of revenue recognition memo including analysis of principal versus agent along with the management’s conclusion; |

| Ø | Tested the mathematical accuracy of management’s calculations of revenue and the associated timing of revenue recognized in the consolidated financial statements. |

| Ø | Tested the revenue cut-off test of a period before and after the balance sheet date. |

| Ø | Tested the occurrence and accuracy of revenue through confirmation procedure. |

/s/ Simon & Edward, LLP

We have served as the Company’s auditor since 2023.

PCAOB ID: 2485

Rowland Heights, California

January 6, 2025

<div align='center'>F-22</div>

<div align='center'>VIWO TECHNOLOGY INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS