other material
confidence high
sentiment negative
materiality 0.70
Reborn Coffee, Inc. (REBN): auditor change — Reborn Coffee dismisses auditor BF Borgers after SEC bars the firm
Reborn Coffee, Inc.
- BF Borgers dismissed as independent auditor on May 7, 2024, with Audit Committee approval.
- Prior audit report for FY2023 included a going-concern explanatory paragraph but was unqualified.
- No disagreements or reportable events occurred during FY2023 or through dismissal date.
- SEC states BF Borgers is not permitted to practice before the SEC per May 3, 2024 order.
- Company is actively seeking a new independent registered public accounting firm.