other material
confidence high
sentiment negative
materiality 0.70
Genufood Energy Enzymes Corp.: auditor change — Genufood Energy Enzymes restates FY Sep 2022 and Q Dec 2022 financials due to accounting errors
Genufood Energy Enzymes Corp.
- Board concluded that prior financials for Q ended Dec 31, 2022 and year ended Sep 30, 2022 are no longer reliable.
- Errors discovered during management review; related to certain accounting methods.
- Company intends to restate by amending its 10-Q for Dec 2022 and 10-K for Sep 2022.
- New measures implemented to prevent recurrence of such errors.
- Discussed the matters with independent auditor KCCW Accountancy Corp.