other material
confidence high
sentiment negative
materiality 0.75
Clubhouse Media Group, Inc.: auditor change — Clubhouse Media Group dismisses auditor after PCAOB revokes its registration
Clubhouse Media Group, Inc.
- On Nov 6, 2024, board dismissed Yusufali & Associates as auditor after PCAOB revoked its registration (Release No. 105-2024-042, Oct 22, 2024).
- Prior audit report for FY2023 expressed substantial doubt about going concern, but no other adverse opinions.
- No disagreements with Yusufali on accounting principles or audit scope during FY2023 or through Sep 30, 2024.
- Company plans to appoint a new independent registered public accounting firm.
- Fruci & Associates served as auditor for FY2022, as previously disclosed.