---
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"
generated_at: "2026-06-19T17:06:49.204498+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JanOne auditor WSRP resigns citing material weaknesses; Frazier & Deeter named successor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002623
- JSON: https://secwatch.observer/filing/0000950170-23-002623.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002623.txt

## Key facts
- Auditor Changes
  AI Financial Corp engaged Frazier & Deeter, LLC as its auditor.
  - Action: engagement
  - Auditor: Frazier & Deeter, LLC
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/862861/000095017023002623/0000950170-23-002623-index.htm
- Auditor Changes
  WSRP, LLC resigned as auditor of AI Financial Corp.
  - Action: resignation
  - Auditor: WSRP, LLC
  - Successor: Frazier & Deeter, LLC
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/862861/000095017023002623/0000950170-23-002623-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.