other material
confidence high
sentiment negative
materiality 0.80
Resonate Blends, Inc. (KOAN): auditor change — Resonate Blends' auditor resigns; material weakness in internal controls unremediated; going concern opinion
Resonate Blends, Inc.
- Boyle CPA, LLC resigned as independent auditor on Nov 11, 2022; replaced by Victor Mokuolu, CPA PLLC.
- Audit reports for FY2020 and FY2021 included a going concern uncertainty about the company's ability to continue.
- Material weakness in internal controls over financial reporting as of Dec 31, 2021 remains unremediated.
- No disagreements on accounting principles between company and former auditor during 2020-2021 and interim 2022.