regulatory
confidence high
sentiment negative
materiality 0.70
Can B Corp. dismisses BF Borgers as auditor after SEC ban (May 3 order)
Can B Corp
- Effective May 6, 2024, Can B Corp. dismissed BF Borgers CPA PC as independent registered public accounting firm.
- BF Borgers' audit reports for FY 2022 and 2023 contained a going-concern qualification due to significant operating losses.
- No disagreements or reportable events occurred between the company and BF Borgers during the relevant periods.
- SEC advised that BF Borgers is not permitted to practice before the SEC per a May 3, 2024 administrative order.