other material
confidence high
sentiment negative
materiality 0.50
Laredo Oil, Inc. (LRDC): auditor change — Laredo Oil's auditor Weaver and Tidwell resigns; going concern doubt noted in prior financials
Laredo Oil, Inc.
- Weaver and Tidwell resigned as Laredo Oil's auditor on Nov 21, 2022; resignation accepted Nov 29.
- Audit reports for FY ended May 31, 2021-2022 had no adverse opinion but included going concern doubt.
- No disagreements on accounting principles or reportable events during Weaver and Tidwell's tenure.
- Prior financial statements noted substantial doubt about Laredo Oil's ability to continue as a going concern.