other material
confidence high
sentiment negative
materiality 0.60
NetBrands dismisses BF Borgers as auditor after SEC bars firm; appoints OO & Co.
NetBrands Corp.
- Dismissed BF Borgers as independent auditor effective May 7, 2024; served since November 2018.
- BF Borgers' audit reports for FY 2022 and 2023 included going-concern explanatory paragraphs.
- No disagreements or reportable events occurred during the periods in question.
- SEC order dated May 3, 2024 prohibits BF Borgers from appearing or practicing before the SEC.
- Engaged Olayinka Oyebola & Co. as replacement auditor effective May 7, 2024.