{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-002623","form_type":"8-K","ticker":"AIFC","cik":"0000862861","company_name":"AI Financial Corp","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.303897+00:00","generated_at":"2026-06-19T17:06:49.204498+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"JanOne auditor WSRP resigns citing material weaknesses; Frazier & Deeter named successor","bullets":["WSRP resigned as independent auditor on Feb 7, 2023; no adverse opinion or disagreements in prior periods.","Material weaknesses identified: insufficient IT controls, inadequate accounting process controls, poor contract recordkeeping.","Audit Committee approved engagement of Frazier & Deeter as new auditor, effective Feb 7, 2023.","No prior consultations with Frazier & Deeter regarding accounting principles or disagreements."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-002623","json":"https://secwatch.observer/filing/0000950170-23-002623.json","markdown":"https://secwatch.observer/filing/0000950170-23-002623.md","text":"https://secwatch.observer/filing/0000950170-23-002623.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862861/000095017023002623/0000950170-23-002623-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862861/000095017023002623/jan-20230207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T17:06:49.204498+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aacd3fd290822528a330a1bbf01e508a1b0c5ab1","claim":"AI Financial Corp engaged Frazier & Deeter, LLC as its auditor.","evidence_excerpt":"On February 7, 2023, the Audit Committee of the Board of Directors of the Company approved the engagement of, and the Company engaged, Frazier & Deeter, LLC, as the Company’s new independent registered public accounting firm, effective immediately.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000095017023002623/0000950170-23-002623-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"Frazier & Deeter, LLC"}],"fact_type":"auditor_change"},{"claim_id":"d124e53989a9b19b8870b78c181ddce949abec1f","claim":"WSRP, LLC resigned as auditor of AI Financial Corp.","evidence_excerpt":"On February 7, 2023, WSRP, LLC (“WSRP”), informed JanOne Inc. (the “Company”) that it resigned as the Company’s independent registered public accounting firm.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000095017023002623/0000950170-23-002623-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"resignation"},{"label":"Auditor","value":"WSRP, LLC"},{"label":"Successor","value":"Frazier & Deeter, LLC"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}