Better For You Wellness, Inc.: auditor change — Better For You Wellness restates Q1 and Q2 2022 financials; cites multiple errors and material weakness

Better For You Wellness, Inc.

Non-reliance on unaudited financials for three months ended May 31, 2022 and three/six months ended August 31, 2022.
Errors include $577,473 impaired expenses from Mango Moi acquisition and $36,366 stock warrant misitemization.
Material weakness in internal control over financial reporting identified; disclosure controls ineffective.
Company will file amendments to Q1 and Q2 2022 10-Qs with restated financials.
Management and audit committee discussed matters with independent auditor GBQ Partners LLC.

item 4.02

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

Better For You Wellness, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On February 5, 2023, the management and the Audit Committee of the Board of Directors of Better For You Wellness, Inc. (the “Company”) concluded that the following financial statements should be restated and should no longer be relied upon

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Source: SEC EDGAR

accession 0001213900-23-017211

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