other material
confidence high
sentiment negative
materiality 0.90
Hammer Fiber Optics says FY2022 and FY2023 audit opinions are unreliable; will restate
HAMMER TECHNOLOGY HOLDINGS CORP.
- Auditor Fruci notified company on July 23, 2024 that audit opinions for FY July 31, 2022 and FY July 31, 2023 are not reliable due to insufficient procedures.
- Omitted audit procedures are in progress; company will file amended 10-Ks with new audit opinions upon completion.
- Company provided Fruci with disclosure copy; Fruci furnished letter to SEC agreeing with statements made in this 8-K.