other material
confidence high
sentiment negative
materiality 0.55
Entrepreneur Universe Bright Group dismisses auditor, appoints Prager Metis; cites material weaknesses
ENTREPRENEUR UNIVERSE BRIGHT GROUP
- Dismissed Centurion ZD CPA & Co. on Sept 7, 2022; no disagreements or reportable events in prior audits.
- Appointed Prager Metis CPAs as new independent auditor for fiscal year ending Dec 31, 2022.
- Management identified material weaknesses: inadequate cash controls, IT controls, lack of U.S. GAAP personnel, no written policies.
- Dismissed auditor provided letter to SEC agreeing with statements (Exhibit 16.1).