other material
confidence high
sentiment negative
materiality 0.70
VIP Play, Inc. (VIPZ): auditor change — KeyStar Corp's auditor Sadler Gibb resigns citing risk profile; new auditor search underway
VIP Play, Inc.
- Sadler, Gibb & Associates resigned as auditor effective Aug 31, 2023, stating 'KeyStar Corp. does not meet the Firm's risk profile.'
- Resignation occurred after engagement on Aug 15, 2023 to audit FY ended June 30, 2023; prior reports had going-concern qualification.
- No disagreements or reportable events during Audit Period (FY 2022 and 2021) or subsequent interim period.
- Board initiated process to select new independent registered public accounting firm.
- Company has incurred losses since inception, negative cash flows, and negative working capital.