Axe Compute Inc. (AGPU): auditor change — Predictive Oncology dismisses BDO, engages KPMG as auditor; BDO report cited going concern

Axe Compute Inc.

Audit committee approved dismissal of BDO and engagement of KPMG as independent auditor effective April 3, 2024.
BDO's 2023 audit report contained a going concern explanatory paragraph and noted material weaknesses in internal controls.
Material weaknesses involved inadequate accounting resources for complex GAAP transactions and IT general controls (user access, segregation of duties).
No disagreements with BDO on accounting principles or audit scope; KPMG is still completing standard client evaluation and has not accepted engagement.
BDO provided a letter (Exhibit 16.1) confirming agreement with the Company's disclosures.

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

Axe Compute Inc. dismissed BDO USA, P.C. as its auditor.

Action: dismissal
Auditor: BDO USA, P.C.
Successor: KPMG LLP

Exact text from the filing

On April 3, 2024, in connection with the engagement of KPMG as disclosed above, the Company notified BDO USA, P.C. ("BDO") that it would be dismissed as the Company's independent registered public accounting firm, effective immediately.

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

Axe Compute Inc. engaged KPMG LLP as its auditor.

Action: engagement
Auditor: KPMG LLP

Exact text from the filing

On April 3, 2024, the Audit Committee of the Board of Directors of Predictive Oncology Inc. (the "Company") approved the engagement of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the year ending December 31, 2024, effective immediately.

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Axe Compute Inc. filing history →

Source: SEC EDGAR

accession 0001171843-24-001906

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