---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017874"
form_type: "8-K"
ticker: "NTWK"
cik: "0001039280"
company_name: "NETSOL TECHNOLOGIES INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:38:59.834224+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NetSol dismisses BF Borgers as auditor, appoints Fortune CPA

## Summary
- BF Borgers CPA PC dismissed as independent registered public accounting firm on May 6, 2024.
- Fortune CPA, Inc. appointed as new auditor for quarter ending March 31, 2024 and fiscal year ending June 30, 2024.
- BF Borgers' reports for FY 2023 and 2022 contained no adverse opinion or disclaimer.
- No disagreements or reportable events occurred during fiscal years 2023, 2022, or through dismissal date.
- Company has not consulted Fortune previously on accounting principles or disagreements.

## SEC filing metadata
- accession: 0001493152-24-017874
- form_type: 8-K
- ticker: NTWK
- cik: 0001039280
- company_name: NETSOL TECHNOLOGIES INC
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017874/0001493152-24-017874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017874/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017874
- JSON: https://secwatch.observer/filing/0001493152-24-017874.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017874.txt

## Key facts
- Auditor Changes
  NETSOL TECHNOLOGIES INC engaged Fortune CPA, Inc. as its auditor.
  - Action: engagement
  - Auditor: Fortune CPA, Inc.
  source text: On May 6, 2024, the Audit Committee and Board of Directors of the Company approved the appointment of Fortune CPA, Inc.(“Fortune”) to serve as the Company’s independent registered public accounting firm for the quarter ending March 31, 2024 and the year ending June 30, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017874/0001493152-24-017874-index.htm
- Auditor Changes
  NETSOL TECHNOLOGIES INC dismissed BF Borgers CPA PC as its auditor.
  - Action: dismissal
  - Auditor: BF Borgers CPA PC
  - Successor: Fortune CPA, Inc.
  source text: On May 6, BF Borgers CPA PC (“BF Borgers”) was dismissed as the independent registered public accounting firm of NetSol Technologies, Inc. (the “Company”). The Audit Committee and Board of Directors of the Company approved BF Borgers’ dismissal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017874/0001493152-24-017874-index.htm

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