Laredo Oil's auditor BF Borgers suspended by SEC; company seeking replacement auditor

Laredo Oil, Inc.

SEC instituted settled proceedings against BF Borgers CPA PC on May 3, 2024, leading to Borgers' suspension from practice before the SEC.
Borgers was the independent auditor for Laredo Oil's FY 2023 financial statements (ended May 31, 2023).
Company received SEC letter on May 9, 2024, informing of Borgers' suspension; company must now find a new qualified auditor.
No restatement or financial impact disclosed yet, but auditor change raises questions about past financial statements.

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