other material
confidence high
sentiment negative
materiality 0.75
QUANTUM ENERGY INC.: auditor change — Quantum Energy changes auditor; says unaudited financials for May-Nov 2022 not reliable
QUANTUM ENERGY INC.
- Board voted Oct 20, 2022 to replace auditor BF Borgers with Macias Gini & O'Connell (MGO).
- Prior auditor's reports for FY2022 and FY2021 had no adverse opinion except going concern doubt.
- Audit committee on Mar 1, 2022 determined unaudited financials for May 31, 2022–Nov 30, 2022 should not be relied upon because not reviewed by independent auditor.
- Company will not restate those unaudited financials.