Innovation Pharmaceuticals Inc.: auditor change — Innovation Pharmaceuticals changes independent auditor from Pinnacle to GreenGrowth CPAs

Innovation Pharmaceuticals Inc.

On October 29, 2023, the Audit Committee dismissed Pinnacle Accountancy Group as the company's independent auditor, effective immediately.
The company engaged GreenGrowth CPAs as its new independent public accounting firm on the same date.
The change followed the sale of a portion of Pinnacle's public company accounting practice to GreenGrowth.
Pinnacle's reports for fiscal years ended June 30, 2023 and 2022 were unqualified except for a going concern explanatory paragraph.
The company reported a material weakness in internal control over financial reporting related to an unconsolidated foreign investment.

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

Innovation Pharmaceuticals Inc. dismissed Pinnacle Accountancy Group of Utah (a d/b/a of Heaton & Company, PLLC) as its auditor.

Action: dismissal
Auditor: Pinnacle Accountancy Group of Utah (a d/b/a of Heaton & Company, PLLC)

Exact text from the filing

On October 29, 2023, the Audit Committee of the Board of Directors of Innovation Pharmaceuticals Inc. (the "Company") dismissed Pinnacle Accountancy Group of Utah (a d/b/a of Heaton & Company, PLLC) ("Pinnacle") as the Company's independent public accounting firm

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

Innovation Pharmaceuticals Inc. engaged GreenGrowth CPAs as its auditor.

Action: engagement
Auditor: GreenGrowth CPAs

Exact text from the filing

Also on October 29, 2023, the Audit Committee approved the engagement of GreenGrowth CPAs ("GreenGrowth") as the Company's new independent public accounting firm

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Source: SEC EDGAR

accession 0001477932-23-007971

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