other material
confidence high
sentiment negative
materiality 0.60
Blackstar Enterprise Group dismisses auditor BF Borgers after SEC permanent ban
BLACKSTAR ENTERPRISE GROUP, INC.
- Board dismissed BF Borgers as independent accountant on May 3, 2024 after SEC settlement permanently banning Borgers from practicing before the SEC.
- No disagreements or reportable events occurred during fiscal years 2022 and 2023, except previously disclosed material weaknesses in internal control.
- Auditor's reports for 2022 and 2023 were unqualified except for a going concern explanatory paragraph.
- Company is seeking a new public accounting firm and will disclose the engagement once completed.