other material
confidence high
sentiment negative
materiality 0.70
POWERDYNE INTERNATIONAL, INC. (PWDY): auditor change — Powerdyne dismisses auditor Fortune CPA after 3 months; engages Olayinka Oyebola & Co.
POWERDYNE INTERNATIONAL, INC.
- Fortune CPA dismissed on April 10, 2024; retention lasted only from Jan 16, 2024, with no financial statements prepared.
- Disagreements on procedures and auditing scope, but not on accounting principles or practices.
- New auditor Olayinka Oyebola & Co. engaged same day for fiscal year ending Dec 31, 2023 audit.
- No prior consultations with new auditor on accounting matters during past two fiscal years.
- Fortune provided letter to SEC agreeing with disclosures, filed as Exhibit 16.1.