other material
confidence high
sentiment negative
materiality 0.40
Hong Yuan terminates BF Borgers, engages Oyebola after SEC sanctions BF Borgers
HONG YUAN HOLDING GROUP
- Terminated BF Borgers CPA PC as auditor on May 5, 2024; engaged Olayinka Oyebola & Co on May 9, 2024.
- BF Borgers' audit reports for FY2022 and FY2023 were unqualified, with no disagreements with management.
- SEC issued a cease-and-desist order against BF Borgers on May 3, 2024, barring them from practicing before the SEC.
- No disagreements or reportable events during the periods.