other material
confidence high
sentiment neutral
materiality 0.50
Nano Magic dismisses UHY LLP, appoints Fruci & Associates as new auditor
Nano Magic Inc.
- UHY LLP dismissed as independent auditor on June 19, 2024; its 2022 and 2023 reports included a going-concern doubt.
- No disagreements with UHY on accounting principles; only a previously disclosed material weakness in internal controls.
- Fruci & Associates II, PLLC engaged as new auditor effective June 19, 2024; no prior consultations with the firm.
- UHY LLP's letter agreeing with the company's statements is filed as Exhibit 16.1 (not included in filing body).