other material
confidence high
sentiment negative
materiality 0.75
Haskell & White resigns as Waterside Capital's auditor; company cites material weaknesses
Metavesco, Inc.
- Haskell & White LLP resigned as Waterside Capital's independent registered public accounting firm effective April 13, 2022.
- No disagreements on accounting principles or audit scope in prior fiscal years ended June 30, 2021 and 2020.
- Reports for those years included a going concern qualification but no adverse opinion or disclaimer.
- Company disclosed material weaknesses including lack of controls for data accuracy, insufficient segregation of duties, and no functioning audit committee.
- Letter from Haskell to the SEC attached as Exhibit 16.1.