---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-036261"
form_type: "8-K"
ticker: null
cik: "0001761534"
company_name: "Golden Royal Development Inc."
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:09:26.510727+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Golden Royal Development's auditor resigns; going concern modification cited

## Summary
- Liggett & Webb P.A. resigned on Dec 13, 2022; audit reports for FY2021 and FY2020 included a going concern modification.
- Former auditor advised that internal controls were deficient for reliable financial statements.
- No disagreements on accounting principles or practices during the two most recent fiscal years.
- Mac Accounting Group LLP appointed as new independent auditor on Dec 19, 2022.
- No prior consultations with Mac Accounting Group regarding accounting or audit matters.

## SEC filing metadata
- accession: 0001493152-22-036261
- form_type: 8-K
- cik: 0001761534
- company_name: Golden Royal Development Inc.
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761534/000149315222036261/0001493152-22-036261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761534/000149315222036261/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-036261
- JSON: https://secwatch.observer/filing/0001493152-22-036261.json
- Plain text: https://secwatch.observer/filing/0001493152-22-036261.txt

## Key facts
- Auditor Changes
  Liggett & Webb, P.A. resigned as auditor of Golden Royal Development Inc..
  - Action: resignation
  - Auditor: Liggett & Webb, P.A.
  - Successor: Mac Accounting Group LLP
  source text: On December 13, 2022 Liggett & Webb, P.A. resigned from its position as the independent public accounting firm for Golden Royal Development Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761534/000149315222036261/0001493152-22-036261-index.htm
- Auditor Changes
  Golden Royal Development Inc. engaged Mac Accounting Group LLP as its auditor.
  - Action: engagement
  - Auditor: Mac Accounting Group LLP
  source text: On December 19, 2022, Golden Royal Development Inc. retained the firm of Mac Accounting Group LLP to serve as its new independent public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761534/000149315222036261/0001493152-22-036261-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.