other material
confidence high
sentiment negative
materiality 0.60
SEC permanently bars BF Borgers; Global Tech appoints Fortune CPA as new auditor
GLOBAL TECH INDUSTRIES GROUP, INC.
- SEC order permanently barred BF Borgers CPA PC and its partner from practicing before the Commission as of May 3, 2024.
- BF Borgers can no longer serve as Global Tech's independent auditor; prior 2023 report had going-concern qualification.
- On May 7, 2024, Global Tech engaged Fortune CPA, Inc as new independent registered public accounting firm for FY2024.
- No disagreements or reportable events between company and BF Borgers during fiscal 2023 and subsequent interim period.
- Company did not consult Fortune prior to engagement regarding accounting or auditing matters.