other material
confidence high
sentiment negative
materiality 0.60
Royale Energy auditor Weaver & Tidwell resigns; going concern noted
Royale Energy, Inc.
- Weaver resigned as independent auditor on December 5, 2022; resignation accepted by Audit Committee December 6.
- Weaver's 2021 audit report included an explanatory paragraph about substantial doubt on going concern.
- No disagreements or reportable events occurred during Weaver's engagement (May 2021–Dec 2022).
- Royale Energy is interviewing accounting firms to replace Weaver as principal auditor.