secwatch.observer — SEC 8-K summary
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Issuer:     Tengjun Biotechnology Corp. (—)
CIK:        0001499785
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001013762-23-002833
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tengjun Biotechnology terminates auditor PWN LLP after accounting disagreements; appoints KG CPA LLP
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- Board elected not to continue PWN LLP as auditor on Oct 2, 2023, citing unresolved disagreements over accounting treatments.
- PWN LLP declined to recognize any revenue as of June 30, 2023 due to significant discrepancies in Q2 financial data.
- PWN LLP recommended restatement of FY 2022 financials for errors in accounting policies and estimates; company did not agree.
- Company appointed KG CPA LLP as new independent auditor effective Oct 2, 2023; no prior consultations with them.
- PWN LLP communicated significant deficiencies on Aug 29, 2023; issue unresolved before dismissal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499785/000101376223002833/0001013762-23-002833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499785/000101376223002833/ea186367-8k_tengjun.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-002833

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