8-K
filed March 19, 2024, 7:59 PM ET
CIK 0001683252
other material
confidence high
sentiment negative
materiality 0.75
TOKEN COMMUNITIES LTD.: auditor change — Token Communities dismisses auditor, engages Beckles; prior financials to be restated
TOKEN COMMUNITIES LTD.
- On March 18, 2024, dismissed GreenGrowth CPAs and engaged Beckles and Co as new independent auditor.
- Prior financial statements for FY ended June 30, 2023 and Q ended Sept 30, 2023 will be restated; should not be relied upon.
- No disagreements with GreenGrowth, but reportable event identified; estimated error impact may change materially.
- GreenGrowth had not rendered audit reports for the two most recent fiscal years.
- New auditor Beckles had no prior consultations with the Company on accounting matters.
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 Beckles and Co as its auditor.
- Action
- engagement
- Auditor
- Beckles and Co
Exact text from the filing
On March 18, 2024, the Company engaged and executed an agreement with Beckles and Co, (“ Beckles ”), as the Company’s new independent accountant to replace GreenGrowth.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
TOKEN COMMUNITIES LTD. reported that prior financial statements should not be relied upon.
- Action
- non reliance
- Auditor
- GreenGrowth CPAs
Exact text from the filing
management of the Company discussed with GreenGrowth that the Company’s previously issued financial statements for the year ended June 30, 2023 and the quarter ended September 30, 2023 (the “ Relevant Periods “) should be restated and should no longer be relied upon.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
TOKEN COMMUNITIES LTD. dismissed GreenGrowth CPAs as its auditor.
- Action
- dismissal
- Auditor
- GreenGrowth CPAs
- Successor
- Beckles and Co
Exact text from the filing
On March 18, 2024, Token Communities Ltd (the “ Company ”) dismissed its independent accountants GreenGrowth CPAs (“ GreenGrowth ”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.