regulatory
confidence high
sentiment negative
materiality 0.75
Leafbuyer Technologies dismisses auditor BF Borgers after SEC order finding fraudulent audit practices
LEAFBUYER TECHNOLOGIES, INC.
- Dismissed auditor BF Borgers CPA PC effective May 8, 2024, due to SEC cease-and-desist order issued May 3, 2024.
- SEC order found BF Borgers deliberately failed to conduct audits per PCAOB standards and fraudulently issued audit reports.
- BF Borgers denied privilege of appearing before SEC; company must appoint a new independent registered public accounting firm.
- No disagreements or reportable events with BF Borgers during fiscal years 2022 and 2023; audit reports were unqualified.