regulatory
confidence high
sentiment neutral
materiality 0.55
ClassOver dismisses auditor after PCAOB sanctions; re-audits 2023 statements
Classover Holdings, Inc.
- PCAOB censured Michael T. Studer CPA P.C. and Michael T. Studer, revoked registration, imposed $20k penalty for audit violations on another client.
- The firm audited ClassOver's 2023 financial statements, which included a going concern explanatory paragraph.
- On July 3, 2025, ClassOver dismissed the firm and engaged current auditor Bush & Associates CPA LLC to re-audit the 2023 statements.
- No impact on 2024 financials; no disagreements or reportable events with former auditor.
- Bush has served as auditor since 2024 and audited the 2024 financial statements.
item 4.01item 9.01