Digital Brands Group, Inc. (DBGI): auditor change — Digital Brands Group auditor resigns; new auditor MGO appointed with prior going concern and material weakness

Digital Brands Group, Inc.

DBB resigned as auditor on May 4, 2023; MGO engaged as new independent accountant on May 5, 2023.
No disagreements on accounting principles during FY2022 or subsequent interim period through May 2023.
Prior audit reports included a going concern explanatory paragraph due to net losses, negative cash flow, and lack of liquidity.
DBB identified a material weakness in internal control over financial reporting; reported to the Company.
The Audit Committee approved the engagement of MGO for the fiscal year ending December 31, 2023.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

dbbmckennon (DBB) resigned as auditor of Digital Brands Group, Inc..

Action: resignation
Auditor: dbbmckennon (DBB)

Exact text from the filing

On May 4, 2023, dbbmckennon (“DBB”) informed Digital Brands Group, Inc. (the “Company”) of their formal resignation as the Company’s independent registered public accounting firm.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Digital Brands Group, Inc. engaged Macias Gini & O’Connell LLP (MGO) as its auditor.

Action: engagement
Auditor: Macias Gini & O’Connell LLP (MGO)

Exact text from the filing

On May 5, 2023, the Company engaged Macias Gini & O’Connell LLP (“MGO”) as its new independent registered public accountant for the fiscal year ending December 31, 2023.

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4 auditor changes filed in the last 30 days. Browse all auditor changes →

Digital Brands Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-058421

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