UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549  FORM 10-Q (Mark One)  |X|   QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended: September 30, 2008  |_|   TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from _________ to __________  Commission file number: 000-53154 ---------  CFO Advisory Group, Inc. -------------------------- (Exact name of small business issuer as specified in its charter)  Delaware                                 22-3976479 --------                                 ---------- (State or other jurisdiction of                     (IRS Employer incorporation or organization)                  Identification No.)  275 Madison Avenue 4th and 6th Floor New York, NY 10016 ------------------------- (Address of principal executive offices)  (888) 670-2220 ------------ (Issuer's telephone number)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                         |X| Yes |_| No  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated file" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.  Large accelerated filer |_|                        Accelerated filer         |_| Non-accelerated filer   |_|                        Smaller reporting company |X|  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                       |X| Yes |_| No  State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 1,050,100 as of September 30, 2008    TABLE OF CONTENTS   PART I - FINANCIAL INFORMATION  Item 1.  Financial Statements.  Condensed Balance Sheets as of September 30, 2008(unaudited) ......   3  Unaudited Condensed Statements of Operations for the Period from June 30, 2008 to September 30, 2008          .........   4  Unaudited Condensed Statement of Shareholders' Equity (Deficit) for the period from Inception on June 30, 2008 to September 30, 2008         ......................................   5  Unaudited Condensed Statements of Cash Flows for the Period from June 30, 2008 to September 30, 2008          .........   6  Notes to Unaudited Condensed  Financial Statements ................   7  Item 2.  Management's Discussion and Analysis or Plan of Operation .........  10  Item 3.  Quantitative and Qualitative Disclosures about Market Risk ........  13  Item 4.  Controls and Procedures ...........................................  13   PART II - OTHER INFORMATION  Item 1.  Legal Proceedings .................................................  14  Item 1A  Risk Factors ......................................................  14  Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds .......  14  Item 3.  Defaults Upon Senior Securities ...................................  14  Item 4.  Submission of Matters to a Vote of Security Holders ...............  14  Item 5.  Other information .................................................  14  Item 6.  Exhibits ..........................................................  14  Signatures .................................................................  14    PART I - FINANCIAL INFORMATION  ITEM 1. FINANCIAL STATEMENTS  CFO Advisory Group, Inc. (A WHOLLY OWNED SUBSIDIARY) (A DEVELOPMENT STAGE COMPANY) BALANCE SHEET  September 30, 2008 ----------- (Unaudited) ASSETS  Current Assets: Cash ..........................................................   $ 5,000 ---------- Total Assets ..................................................   $ 5,000 ==========   LIABILITIES AND STOCKHOLDERS' EQUITY  Current Liabilities: Loan payable-related party .......................................   $ 5,000 ---------- Total Current Liabilities .....................................   $ 5,000 ----------   Total Liabilities .............................................   $ 5,000 ----------  Stockholders' Equity Common stock, $.001 par value 100,000,000 authorized 1,050,100 issued and outstanding ...........................    $ 1,050 Additional Paid in Capital ....................................   $ 6,515 Deficit Accumulated in the Development Stage ..................   $(7,565) ---------- Total Stockholders' Equity .................................   $   000 ---------- Total Liabilities and Stockholders' Equity .................   $ 5,000 ==========  The Accompanying Notes are an Integral Part of the Financial Statements    CFO Advisory Group, Inc. (A WHOLLY OWNED SUBSIDIARY) (A DEVELOPMENT STAGE COMPANY) STATEMENT OF OPERATIONS  From June 30, 2008 (Date of Inception) to September 30, 2008 ------------------- (Unaudited)  Revenue .....................................................     $     246  General administrative expenses .............................             0 ---------  Income (loss) before provision for income tax ...............     $     246 ---------  Income tax expense ..........................................             - ---------  Net Income (Loss) ...........................................     $     246 =========   Basic and Diluted Profit per Common Share ...................      $   0.00 =========  Basic and Diluted Weigted Average Common Shares Outstanding .................................     1,050,100 =========  The Accompanying Notes are an Integral Part of the Financial Statements   CFO Advisory Group, Inc. (A WHOLLY OWNED SUBSIDIARY) (A DEVELOPMENT STAGE COMPANY) STATEMENT OF STOCKHOLDERS' EQUITY  Deficit Accumulated in the          Total Common Stock     Paid in   Development   Stockholders' Shares    Amount   Capital      Stage         Equity -------   -------   -------   -----------   ---------- Balance, June 30, 2008 date of      ...............   795,600   $ 796  -   $6,515    $(7,811)     $   (500)  Net Profit ....................         -         -             $  246  Shares issued for conversion of loan payable at $.01 per share in August 2008        254,500     254 -------   -------   -------     -------        ------- Balance, September 30, 2008 (unaudited) ................ 1,050,100   $1,050     $6,515   $ (7,565)     $     00 =======   =======   =======     =======        =======  The Accompanying Notes are an Integral Part of the Financial Statements    CFO Advisory Group, Inc. (A WHOLLY OWNED SUBSIDIARY) (A DEVELOPMENT STAGE COMPANY) STATEMENT OF CASH FLOWS  From June 30, 2008 (Date of Inception) to September 30, 2008 ------------------- (unaudited)  OPERATING ACTIVITIES: Net income (loss) ...........................................     $    246 Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: Changes in Assets and Liabilities: Accrued liabilities ......................................     $   (246) --------- Net Cash Used by Operating Activities .......................             - ---------  FINANCING ACTIVITIES: Proceeds from sale of common stock ..........................     $     000 Proceeds from loan payable related party ....................         5,000 --------- Net Cash Provided by Financing Activities ...................     $   5,000 ---------  Net Increase in Cash ........................................     $   5,000 ---------  Cash at Beginning of Period .................................     $     000 --------- Cash at End of Period .......................................     $   5,000 =========   Supplemental Disclosures: Cash paid for income taxes ..................................     $       - ========= Cash paid for interest ......................................     $       - =========  Non Cash Transactions: Repayment of loan payable related party through issuance of common stock .................................     $  2,545 =========  The Accompanying Notes are an Integral Part of the Financial Statements    CFO Advisory Group, Inc. (A WHOLLY OWNED SUBSIDIARY) (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS  NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NATURE OF OPERATIONS AND USE OF ESTIMATES:  NATURE OF BUSINESS AND BASIS OF PRESENTATION  CFO Advisory Group, Inc. (a development stage company) ("the Company") was incorporated in the State of Delaware on February 25, 2008 as a blank check development stage company to acquire, through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination (each a "Business Combination") one or more domestic or international operating businesses.  The Company is the wholly owned subsidiary of CFO Advisory Group, Inc.  As of September 30, 2008, the Company had not yet commenced any operations. All activity through September 30, 2008 relates to the Company's formation and capitalization.  The Company is considered to be a development stage company and as such the financial statements presented herein are presented in accordance with Statement of Financial Accounting Standards ("SFAS") No. 7. "ACCOUNTING AND REPORTING BY DEVELOPMENT STAGE ENTERPRISES." The Company is subject to the risks associated with activities of development stage companies.  The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").  USE OF ESTIMATES  The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions, which affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  CASH AND CASH EQUIVALENTS:  Cash and cash equivalents are considered to be all highly liquid investments purchased with an initial maturity of three (3) months or less.  INCOME TAXES:  The Company complies with the provisions of SFAS No. 109 "ACCOUNTING FOR INCOME TAXES". Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts and are based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred income tax assets to the amount expected to be realized.  INCOME (LOSS) PER SHARE:  In accordance with SFAS No. 128, "Earnings Per Share", the basic net loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed similar to basic net loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As at September 30, 2008, diluted net loss per share is equivalent to basic net loss per share as there were no dilutive securities outstanding.  RECENT ACCOUNTING PRONOUNCEMENTS  In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of Financial Assets--an amendment of FASB Statement No. 140" ("SFAS 156"). SFAS 156 requires an entity to recognize a servicing asset or servicing liability each time it undertakes an obligation to service a financial asset by entering into a servicing contract in specific situations. Additionally, the servicing asset or servicing liability shall be initially measured at fair value, if practicable. SFAS 156 permits an entity to choose either the amortization method or fair value measurement method for subsequent measurement of the servicing asset or servicing liability. SFAS 156 is effective for our fiscal year ending December 31, 2008. The adoption of SFAS 156 is not expected to have a material effect on our financial position or results of operations.  In September 2006, the FASB issued SFAS No. 157 ("SFAS 157"). The Statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. This Statement is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. The adoption of SFAS 157 is not expected to have a material effect on our financial position or results of operations.  In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities--Including an amendment of Statement of Financial Accounting Standards Statement No. 115" ("SFAS 159"), which permits entities to choose to measure many financial instruments and certain other items at fair value at specified election dates. A business entity is required to report unrealized gains and losses on items for which the fair value option has been elected in earnings at each subsequent reporting date. This statement is expected to expand the use of fair value measurement. SFAS 159 is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. The Company has not determined the impact of SFAS 159 on its financial position.  In December 2007, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 141 (revised 2007), "Business Combinations"("SFAS 141(R)"). SFAS 141(R) will change the accounting for business combinations. Under SFAS No. 141(R), an acquiring entity will be required to recognize all the assets acquired and liabilities assumed in a transaction at the acquisition-date fair value with limited exceptions. SFAS No. 141(R) will change the accounting treatment and disclosure for certain specific items in a business combination. SFAS No. 141(R) applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. SFAS 141(R) could impact the Company in the event of any future acquisition.  In March 2008, the FASB issued SFAS No. 161, "Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133"("SFAS 161"), which establishes, among other things, the disclosure requirements for derivative instruments and hedging activities. SFAS 161 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. SFAS 161 is effective for fiscal periods and interim periods beginning after November 15, 2008. We are currently evaluating the impact SFAS 161 will have on our financial statement disclosures.   In May 2008, the FASB issued SFAS No. 162, "The Hierarchy of Generally Accepted Accounting Principles." The current GAAP hierarchy, as set forth in the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standard No. 69, the Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles, has been criticized because (1) it is directed to the auditor rather than the entity, (2) it is complex, and (3) it ranks FASB Statements of Financial Accounting Concepts. The FASB believes that the GAAP hierarchy should be directed to entities because it is the entity (not its auditor) that is responsible for selecting accounting principles for financial statements that are presented in conformity with GAAP. Accordingly, the FASB concluded that the GAAP hierarchy should reside in the accounting literature established by the FASB and is issuing this Statement to achieve that result. This Statement is effective 150 days following the SEC's approval of the Public Company Accounting Oversight Board amendments to AU Section 411, The Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles. The adoption of SFAS No. 162 is not expected to have a material impact on the Company's financial position.  NOTE 2: RELATED PARTY TRANSACTIONS  On February 25, 2008, in connection with the formation of the Company, the founder of the Company received 100,000 shares of common stock from the Company for an aggregate of $354, or $.001 per share.  During the period ended June 30, 2008, the Tucker Family Spendthrift Trust loaned the Company $6,957. The loan payable was repaid during the period through the issuance of 695,600 shares of common stock at $.01 per share.  On August 6, 2008 (the "Effective Date"), pursuant to the terms of a Stock Purchase and Sale Agreement, CFO Advisory Group, Inc., purchased a total of 1,050,100 shares of the issued and outstanding common stock of Pop Starz Ventures 1, Inc. (the "Company") from Steve Latham, (the “Seller”), for an aggregate of $49,000 in cash. The total of 1,050,100 shares represented 100% of the shares of issued and outstanding common stock of the Company at the time of transfer.   NOTE 3: STOCKHOLDERS' EQUITY:  At September 30, 2008, the authorized capital of the Company consists of 100,000,000 shares of common stock with a par value of $.001. As of September 30, 2008, there are 1,050,100 shares of common stock issued and outstanding.  NOTE 4: GOING CONCERN  The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company does not have sufficient working capital for its planned activity, which raises substantial doubt about its ability to continue as a going concern.  Continuation of the company as a going concern is dependent upon obtaining additional working capital and the management of the Company has developed a strategy, which it believes will accomplish this objective through short-term loans from its shareholders and additional equity investments, which will enable the Company to continue operations for the coming year.   ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.  FORWARD LOOKING STATEMENT NOTICE  Certain statements made in this Quarterly Report on Form 10-Q are "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995) in regard to the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Pop Starz Ventures 1, Inc. I ("we", "us", "our" or the "Company") to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The Company's plans and objectives are based, in part, on assumptions involving the continued expansion of business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes its assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Quarterly Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.  Pop Starz Ventures 1, Inc. was incorporated on February 25, 2008 under the laws of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. We have been in the developmental stage since inception and have no operations to date other than issuing shares to our original shareholders and other expenses related to the filing of our Form 10 on April 4, 2008.  We will attempt to locate and negotiate with a business entity for the combination of that target company with us. The combination will normally take the form of a merger, stock- for-stock exchange or stock-for-assets exchange. In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that we will be successful in locating or negotiating with any target company.  We have been formed to provide a method for a foreign or domestic private company to become a reporting ("public") company whose securities are qualified for trading in the United States secondary market.  Our purpose is to seek, investigate and, if such investigation warrants, acquire an interest in a business entity which desires to seek the perceived advantages of a corporation which has a class of securities registered under the Exchange Act. We will not restrict our search to any specific business, industry, or geographical location and we may participate in a business venture of virtually any kind or nature. Management anticipates that it will be able to participate in only one potential business venture because we have nominal assets and limited financial resources. This lack of diversification should be considered a substantial risk to our shareholders because we will not offset potential losses from one venture against gains from another.  We may seek a business opportunity with entities which have recently commenced operations, or which wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes.  We anticipate that the selection of a business opportunity in which to participate will be complex and extremely risky. Management believes (but has not conducted any research to confirm) that there are business entities seeking the perceived benefits of a publicly registered corporation. Such perceived benefits may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive stock options or similar benefits to key employees, increasing the opportunity to use securities for acquisitions, providing liquidity for shareholders and other factors. Business opportunities may be available in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities difficult and complex. We have, and will continue to have, no capital with which to provide the owners of business entities with any cash or other assets. However, management believes we will be able to offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest in a public company without incurring the cost and time required to conduct an initial public offering. Management has not conducted market research and is not aware of statistical data to support the perceived benefits of a business combination for the owners of a target company.  The analysis of new business opportunities will be undertaken by, or under the supervision of, our officer and director, who is not a professional business analyst. In analyzing prospective business opportunities, management may consider such matters as the available technical, financial and managerial resources; working capital and other financial requirements; history of operations, if any; prospects for the future; nature of present and expected competition; the quality and experience of management services which may be available and the depth of that management; the potential for further research, development, or exploration; specific risk factors not now foreseeable but which then may be anticipated to impact our proposed activities; the potential for growth or expansion; the potential for profit; the perceived public recognition or acceptance of products, services, or trades; name identification; and other relevant factors. This discussion of the proposed criteria is not meant to be restrictive of our virtually unlimited discretion to search for and enter into potential business opportunities.  The Exchange Act requires that any merger or acquisition candidate comply with certain reporting requirements, which include providing audited financial statements to be included in the reporting filings made under the Exchange Act. We will not acquire or merge with any company for which audited financial statements cannot be obtained at or within the required period of time after closing of the proposed transaction.  We may enter into a business combination with a business entity that desires to establish a public trading market for its shares. A target company may attempt to avoid what it deems to be adverse consequences of undertaking its own public offering by seeking a business combination with us. Such consequences may include, but are not limited to, time delays of the registration process, significant expenses to be incurred in such an offering, loss of voting control to public shareholders or the inability to obtain an underwriter or to obtain an underwriter on satisfactory terms.  We will not restrict our search for any specific kind of business entities, but may acquire a venture which is in its preliminary or development stage, which is already in operation, or in essentially any stage of its business life. It is impossible to predict at this time the status of any business in which we may become engaged, in that such business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages which we may offer.  Our management, which in all likelihood will not be experienced in matters relating to the business of a target company, will rely upon its own efforts in accomplishing our business purposes. Following a business combination, we may benefit from the services of others in regard to accounting, legal services, underwritings and corporate public relations. If requested by a target company, management may recommend one or more underwriters, financial advisors, accountants, public relations firms or other consultants to provide such services.  A potential target company may have an agreement with a consultant or advisor providing that services of the consultant or advisor be continued after any business combination. Additionally, a target company may be presented to us only on the condition that the services of a consultant or advisor be continued after a merger or acquisition. Such preexisting agreements of target companies for the continuation of the services of attorneys, accountants, advisors or consultants could be a factor in the selection of a target company.   The Company has not had any operating income from inception, February 25, 2008. For the period ending September 20, 2008 The Company had a net operating profit of $246. Expenses from inception were comprised of costs mainly associated with legal, accounting and filing fees.   LIQUIDITY AND CAPITAL RESOURCES  At September 30th 2008, the Company had no capital resources and will rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses pending acquisition of an operating company.  Management anticipates seeking out a target company through solicitation. Such solicitation may include other distributions to law firms, accounting firms, investment bankers, financial advisors and similar persons, the use of one or more World Wide Web sites and similar methods. No estimate can be made as to the number of persons who will be contacted or solicited. Management may engage in such solicitation directly or may employ one or more other entities to conduct or assist in such solicitation. Management and its affiliates will pay referral fees to consultants and others who refer target businesses for mergers into public companies in which management and its affiliates have an interest. Payments are made if a business combination occurs, and may consist of cash or a portion of the stock in the Company retained by management and its affiliates, or both.  OFF-BALANCE SHEET ARRANGEMENTS  The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.  CONTRACTUAL OBLIGATIONS  As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.  ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.  Our business is not currently subject to market risk. All of our business is currently conducted in US dollars, which is our functional currency. We have no interest bearing debt and are not subject to any interest rate risk.  ITEM 4. CONTROLS AND PROCEDURES.  EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES  We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the specified time periods. As of the end of the period covered by this report, Mr. Steve Latham our Chief Executive Officer evaluated the effectiveness of our disclosure controls and procedures based on the criteria for effective internal control over financial reporting established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments. Based on that evaluation, which disclosed no significant deficiencies or material weaknesses, Mr. Latham, our Chief Executive Officer concluded that our disclosure controls and procedures are effective in timely alerting him to material information required to be included in our periodic SEC filings. There were no changes in our internal control over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.  It should be noted, however, that no matter how well designed and operated, a control system can provide only reasonable, not absolute, assurance that the objectives of the control system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control systems (including faulty judgments in decision making or breakdowns resulting from simple errors or mistakes), there can be no assurance that any design will succeed in achieving its stated goals under all potential conditions. Additionally, controls can be circumvented by individual acts, collusion or by management override of the controls in place.  CONTROLS AND PROCEDURES OVER FINANCIAL REPORTING  We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.  PART II - OTHER INFORMATION  ITEM 1. LEGAL PROCEEDINGS.  None.  ITEM 1A. RISK FACTORS.  There have been no material changes to the risk factors previously disclosed under item 1 of the Company's Registration Statement on Form 10 as filed with the United States Securities and Exchange Commission on April 4, 2008.  ITEM 2. SALE OF UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  On February 25, 2008, in connection with the formation of the Company, the founder of the Company received 100,000 shares of common stock from the Company for an aggregate of $354, or $.001 per share.  During the period ended June 30, 2008, the Tucker Family Spendthrift Trust loaned the Company $6,957. The loan payable was repaid during the period through the issuance of 695,600 shares of common stock at $.01 per share.  On August 6, 2008 (the "Effective Date"), pursuant to the terms of a Stock Purchase and Sale Agreement, CFO Advisory Group, Inc., purchased a total of 1,050,100 shares of the issued and outstanding common stock of Pop Starz Ventures 1, Inc. (the "Company") from Steve Latham, (the “Seller”), for an aggregate of $49,000 in cash. The total of 1,050,100 shares represented 100% of the shares of issued and outstanding common stock of the Company at the time of transfer.  ITEM 3. DEFAULTS UPON SENIOR SECURITIES.  None.  ITEM 4. SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS.  None.  ITEM 5. OTHER INFORMATION.  None.   ITEM 6. EXHIBITS.  Exhibit No.                              Title of Document -------    ---------------------------------------------------------------------  31      Certification of the Chief Executive & Financial Officer pursuant to Section 302 of the Sabanes-Okley Act of 2002.(2)  32      Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(2)  (1)      Incorporated by reference to the Registrant's filing of Form 10 as filed with the Securities and Exchange Commission on November 10, 2008  (2)      Filed herewith  SIGNATURE  In accordance with the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, duly authorized.  11/10/2008                 /s/ Steve Latham -------------             ------------------- Steve Latham, Chief Executive Officer  11/10/2008                /s/  Richard Foisy, CPA, CIA ---------                 -------------------- Richard Foisy, CPA,CIA – Chief Financial Officer   EXHIBIT 31  RULE 13A-14(A)/15D-14(A) CERTIFICATION  I, Steve Latham and Richard Foisy, certify that:  1. I have reviewed this Form 10-Q of CFO Advisory Group, Inc.;  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;  4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the small business issuer, is made known to me by others within the entity, particularly during the period in which this report is being prepared;  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;  (c) Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and  (d) Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and  5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.  11/10/2008             /s/ Steve Latham -------------             ------------------- Steve Latham, Chief Executive Officer  11/10/2008            /s/   Richard Foisy, CPA, CIA ------------------- Richard Foisy, CPA, CIA – Chief Financial Officer  EXHIBIT 32  CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002  In connection with the Quarterly Report of CFO Advisory Group, Inc. (the "Company") on Form 10-Q for the period ended September 30, 2008, as filed with the Securities and Exchange Commission (the "Report"), I, Steve Latham, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. SS. 1350, as adopted pursuant to SS. 906 of the Sarbanes-Oxley Act of 2002, that:  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and  2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.  11/10/2008               /s/ Steve Latham -------------             ------------------- Steve Latham, Chief Executive Officer  /s/ Richard Foisy, CPA, CIA --------------------- Richard Foisy, CPA, CIA-Chief Financial Officer  A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the company and will be retained by the company and furnished to the Securities and Exchange Commission or its staff upon request.