TOKEN COMMUNITIES LTD.: auditor change — Token Communities replaces auditor Gries with GreenGrowth after Gries's business sale; going concern doubt persists

TOKEN COMMUNITIES LTD.

On Oct 18, 2023, Token Communities engaged GreenGrowth CPAs as new independent accountant after Gries sold its business.
No disagreements with Gries on accounting principles or auditing scope for fiscal years 2022 and 2023.
Prior audit reports from Gries included a going concern qualification about the Company's ability to continue.
Management discussed material weaknesses in internal control with Gries; no other reportable events occurred.
Gries furnished a letter agreeing with the Company's statements, 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

TOKEN COMMUNITIES LTD. engaged GreenGrowth CPAs as its auditor.

Action: engagement
Auditor: GreenGrowth CPAs

Exact text from the filing

On October 18, 2023, the Company engaged and executed an agreement with GreenGrowth CPAs (“GreenGrowth”), as the Company’s new independent accountant to replace Gries.

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

TOKEN COMMUNITIES LTD. dismissed Gries & Associates, LLC as its auditor.

Action: dismissal
Auditor: Gries & Associates, LLC
Successor: GreenGrowth CPAs

Exact text from the filing

On October 16, 2023, Token Communities Ltd (the “Company”) was informed that its independent accountants Gries & Associates, LLC (“Gries”) had sold its business to GreenGrowth CPAs (“GreenGrowth”). On October 18, 2023, the Company engaged and executed an agreement with GreenGrowth CPAs (“GreenGrowth”), as the Company’s new independent accountant to replace Gries. The reports of Gries regarding the Company’s financial statements for the fiscal years ended June 30, 2023 and 2022, being the two most recent fiscal years for which the Company has filed audited financial statements with the Securities and Exchange Commission (the “SEC”), did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except to indicate that there was substantial doubt about the Company’s ability to continue as a going conc

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Source: SEC EDGAR

accession 0001477932-23-007841

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