other material
confidence high
sentiment negative
materiality 0.90
BorrowMoney.com auditor resigns; Feb 29, 2024 10-Q should not be relied upon due to SEC probe
BorrowMoney.com, Inc.
- Barton CPA resigned on April 22, 2024, citing concerns over management integrity related to an ongoing SEC investigation.
- Auditor initially approved the Feb 29, 2024 10-Q filing, then withdrew consent; filed statements should not be relied upon.
- CEO Aldo Piscitello discussed payment options for Q1/Q2 reviews; auditor later denied giving go-ahead for the filing.
- Company will engage a new auditor and plans to refile or amend the 10-Q for the period ending February 29, 2024.
- Barton CPA also declined consent for the 10-Q after raising concerns about the SEC investigation's impact on management.