---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-031600"
form_type: "8-K/A"
ticker: null
cik: "0001635136"
company_name: "DUO WORLD INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:59:21.385798+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Duo World restates FY2023 audited financials; auditor CNGSN not registered with PCAOB

## Summary
- Auditor CNGSN & Associates was not registered with PCAOB despite stating otherwise; board concluded FY2023 financials cannot be relied upon.
- CNGSN's audit opinion dated July 6, 2023, contained false statements about PCAOB registration; company terminated CNGSN.
- New PCAOB-registered auditor M.N. Vijay Kumar engaged to re-audit FY2023 financial statements; re-audit is underway.
- The company must amend its Form 10-K to replace the invalid audit report with a new one from PCAOB-registered firm.
- CNGSN sent a letter responding to disclosures; the letter is filed as Exhibit 7 to this 8-K/A.

## SEC filing metadata
- accession: 0001493152-23-031600
- form_type: 8-K/A
- cik: 0001635136
- company_name: DUO WORLD INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1635136/000149315223031600/0001493152-23-031600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1635136/000149315223031600/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031600
- JSON: https://secwatch.observer/filing/0001493152-23-031600.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031600.txt

## Key facts
- Auditor Changes
  DUO WORLD INC engaged M.N. Vijay Kumar, Chartered Accountant as its auditor.
  - Action: engagement
  - Auditor: M.N. Vijay Kumar, Chartered Accountant
  source text: We have subsequently engaged M.N. Vijay Kumar, Chartered Accountant, Bangalore, India, as our new PCAOB registered certifying accountant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1635136/000149315223031600/0001493152-23-031600-index.htm
- Auditor Changes
  DUO WORLD INC engaged CNGSN & Associates LLP as its auditor.
  - Action: engagement
  - Auditor: CNGSN & Associates LLP
  source text: the Company engaged CNGSN & Associates LLP, Bengaluru, India ("CNGSN"), to serve as our new independent registered public accounting firm, effective May 16, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1635136/000149315223031600/0001493152-23-031600-index.htm
- Auditor Changes
  DUO WORLD INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: CNGSN & Associates LLP
  source text: he fiscal year ended March 31, 2023 should no longer be relied on due to the fact that CNGSN was not registered with the PCAOB.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1635136/000149315223031600/0001493152-23-031600-index.htm

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