other material
confidence high
sentiment negative
materiality 0.70
Fortune Valley Treasures dismisses auditor YCM CPA, appoints Astra Audit
Fortune Valley Treasures, Inc.
- Audit Committee approved dismissal of YCM CPA as independent auditor effective August 16, 2024.
- YCM CPA's 2023 audit report included going concern doubt about company's viability.
- No disagreements with former auditor; material weakness previously reported in 10-K.
- New auditor Astra Audit & Advisory LLC appointed effective September 25, 2024.
- Company provided YCM CPA with disclosures and received letter of agreement.