regulatory
confidence high
sentiment negative
materiality 0.75
Stran dismisses auditor BF Borgers after SEC bars firm; Q1 earnings call postponed
Stran & Company, Inc.
- BF Borgers CPA PC dismissed as independent auditor effective May 13, 2024, due to SEC enforcement action.
- The SEC barred BF Borgers from appearing or practicing before it via an order dated May 3, 2024.
- No disagreements or reportable events with BF Borgers during fiscal 2022 and 2023 and subsequent interim period.
- The company is selecting a new auditor and will announce a new date for its Q1 2024 earnings conference call.
- Preliminary unaudited Q1 2024 financial results have not yet been released; call postponed indefinitely.