other material
confidence high
sentiment negative
materiality 0.60
AIRWA INC. (YYAI): auditor change — Connexa Sports Technologies dismisses auditor OOC; engages Bush & Associates after SEC charges against OOC
AIRWA INC.
- Board and audit committee approved engagement of Bush & Associates CPA as auditor for FY ending April 30, 2025, replacing OOC.
- Dismissed OOC after learning of SEC charges against OOC for allegedly aiding and abetting securities fraud; risk deemed intolerable.
- OOC's reports for FY2023 and FY2024 had no adverse opinion, only a going-concern explanatory paragraph.
- No disagreements or reportable events occurred during OOC's engagement.
- OOC furnished a letter to the SEC agreeing with the company's disclosures regarding the change.