Galaxy Enterprises Inc. /WY/ (GLEI): auditor change — Galaxy Enterprises dismisses auditor OOC amid SEC fraud charges, engages LAO PS

Galaxy Enterprises Inc. /WY/

Board approved dismissal of OOC and engagement of LAO Professional Services effective Oct 28, 2024.
Reason: SEC charged OOC with allegedly aiding and abetting securities fraud, making continued retention intolerable.
OOC's FY July 2023 audit report contained a going-concern explanatory paragraph but no adverse opinion.
No disagreements on accounting principles or reportable events during OOC's engagement.
OOC provided a letter dated Nov 20, 2024, agreeing with disclosures, filed as Exhibit 16.1.

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

Galaxy Enterprises Inc. /WY/ dismissed Olayinka Oyebola & Co (OOC) as its auditor.

Action: dismissal
Auditor: Olayinka Oyebola & Co (OOC)
Successor: LAO Professional Services

Exact text from the filing

On October 24, 2024, the Board of Directors and the audit committee of Galaxy Enterprises Inc (the “Company”) approved the engagement of LAO Professional Services as the Company’s independent registered public accounting firm for the fiscal year ended July 31, 2024, effective immediately, and dismissed Olayinka Oyebola & Co (OOC) as the Company’s independent registered public accounting firm.

View on SEC.gov

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

Galaxy Enterprises Inc. /WY/ engaged LAO Professional Services as its auditor.

Action: engagement
Auditor: LAO Professional Services

Exact text from the filing

On October 24, 2024, the Board of Directors and the audit committee of Galaxy Enterprises Inc (the “Company”) approved the engagement of LAO Professional Services as the Company’s independent registered public accounting firm for the fiscal year ended July 31, 2024, effective immediately, and dismissed Olayinka Oyebola & Co (OOC) as the Company’s independent registered public accounting firm.

View on SEC.gov

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Galaxy Enterprises Inc. /WY/ filing history →

Source: SEC EDGAR

accession 0001393905-24-000397

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