secwatch / observer
8-K filed October 17, 2024, 7:59 PM ET ticker UTKN CIK 0001919182
other material confidence high sentiment neutral materiality 0.55

Universal Token (UTKN): auditor change — Eco Bright Future appoints M.S. Madhava Rao as auditor effective Oct 8, 2024

Universal Token

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

Goff Backa Alfera and Company resigned as auditor of Universal Token.

Action
resignation
Auditor
Goff Backa Alfera and Company
Successor
M. S. Madhava Rao
Exact text from the filing
The decision to change accountants to RAO from Goff Backa Alfera and Company (“GBAC”) was approved by the Board, effective October 8, 2024. The prior auditors GBAC resigned on August 23, 2024. The reports of GBAC on the Company’s financial statements as of and for the fiscal years ended December 31, 2022, and, 2023, included an unmodified opinion with an identification of going concern as a critical audit matter. During the two fiscal years ended December 31, 2023, and the subsequent interim period preceding such resignation, (i) there was no disagreement with GBAC on any matter of accounting principles or practices, financial statement disclosure,
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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Universal Token engaged M. S. Madhava Rao as its auditor.

Action
engagement
Auditor
M. S. Madhava Rao
Exact text from the filing
(the “Company”) recently conducted a competitive selection process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The Committee invited several public accounting firms to participate in the process. As a result of this process, the Committee approved the appointment of M. S. Madhava Rao (“RAO”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The decision to change accountants to RAO from Goff Backa Alfera and Company (“GBAC”) was approved by the Board, effective October 8, 2024. The prior auditors GBAC resigned on August 23, 2024. The reports of GBAC on the Company’s financial statements as of and for the fiscal years ended December 31, 2022, and, 2023, included an unmodified opinion with an identification of going concern as a critical audit matter. During
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Source: SEC EDGAR
accession 0001171520-24-000339
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