MPHASE TECHNOLOGIES, INC.: auditor change — mPhase Technologies dismisses auditor, forms special committee to investigate former CEO for alleged fraud

MPHASE TECHNOLOGIES, INC.

Dismissed Boyle CPA as auditor; appointed Prager Metis CPAs for FY2022 and FY2021 audits effective Nov 22, 2022.
Board formed special committee on Jan 4, 2023 to investigate former CEO Anshu Bhatnagar for alleged fraud and misappropriation.
No disagreements with Boyle CPA; their reports included going concern modification.
Special committee review ongoing; company aims to re-establish timely financial reporting.

item 4.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

MPHASE TECHNOLOGIES, INC. dismissed Boyle CPA, LLC as its auditor.

Action: dismissal
Auditor: Boyle CPA, LLC
Successor: Prager Metis CPAs, LLP

Exact text from the filing

On November 22, 2022, the Board of Directors (the “Board”) of mPhase Technologies, Inc. (the “Company”) approved the dismissal of Boyle CPA, LLC (“Boyle CPA”) as the Company’s independent registered public accounting firm to audit its consolidated financial statements for the fiscal year ending June 30, 2022, with such dismissal effective as of November 22, 2022.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

MPHASE TECHNOLOGIES, INC. engaged Prager Metis CPAs, LLP as its auditor.

Action: engagement
Auditor: Prager Metis CPAs, LLP

Exact text from the filing

Furthermore, on November 22, 2022, the Board of the Company approved the appointment of Prager Metis CPAs, LLP (“Prager Metis”) as the Company’s independent registered public accounting firm to audit its consolidated financial statements for the fiscal years ending June 30, 2022 and 2021, effective November 22, 2022.

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Source: SEC EDGAR

accession 0001493152-23-001791

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