---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000240"
form_type: "8-K"
ticker: "IWAL"
cik: "0001498372"
company_name: "iWallet Corp"
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:28:21.429474+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# iWallet Corp dismisses Pinnacle as auditor, appoints VMCPA; prior reports cite going concern doubt

## Summary
- Dismissed Pinnacle Accountancy Group (Heaton & Co.) and retained Victor Mokuolu, CPA PLLC as new auditor, effective Oct 31, 2023.
- No disagreements with Pinnacle on accounting principles or audit scope during fiscal years 2021-2022.
- Pinnacle's audit reports for 2021-2022 included explanatory paragraphs regarding going concern uncertainty and material weakness.
- Change approved by Board; Pinnacle agreed to disclosures via letter dated July 3, 2024 (Exhibit 16.1).

## SEC filing metadata
- accession: 0001393905-24-000240
- form_type: 8-K
- ticker: IWAL
- cik: 0001498372
- company_name: iWallet Corp
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498372/000139390524000240/0001393905-24-000240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498372/000139390524000240/iwal-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000240
- JSON: https://secwatch.observer/filing/0001393905-24-000240.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000240.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.