MBG Holdings, Inc.: auditor change — MBG Holdings changes auditors; prior auditor resigns with going concern qualification

MBG Holdings, Inc.

Maughan Sullivan resigned as auditor on March 23, 2023, effective immediately for FY2022 audit.
New auditor M&K CPAS PLLC engaged April 10, 2023 for FY2022, approved by Board.
Maughan's reports for FY2020-2021 included going concern paragraph due to losses and working capital deficit.
No disagreements or reportable events between Company and Maughan; Maughan provided letter of agreement.
Company had not consulted M&K on any accounting or audit matters prior to engagement.

item 4.01 item 9.01

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

Maughan Sullivan LLC resigned as auditor of MBG Holdings, Inc..

Action: resignation
Auditor: Maughan Sullivan LLC
Successor: M&K CPAS PLLC

Exact text from the filing

On March 23, 2023, the Company received a communication from the Company’s independent accounting firm, Maughan Sullivan LLC (“Maughan”), that the firm is resigning as the Company’s auditor for the fiscal year 2022 audit effective immediately.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

MBG Holdings, Inc. engaged M&K CPAS PLLC as its auditor.

Action: engagement
Auditor: M&K CPAS PLLC

Exact text from the filing

On April 10, 2023 (the “Engagement Date”), MBG Holdings, Inc. (the “Company”) engaged M&K CPAS PLLC (“M&K”) as its independent registered public accounting firm for the Company’s fiscal year ending December 31, 2022.

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Source: SEC EDGAR

accession 0001214659-23-005177

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