other_material
confidence high
sentiment negative
materiality 0.60
Flywheel Advanced Technology dismisses auditor BCRG, engages WSJ; cites material weaknesses
FLYWHEEL ADVANCED TECHNOLOGY, INC.
- Effective April 1, 2026, dismissed BCRG Group as independent auditor; board approved engagement of WSJ And Partners effective immediately.
- No disagreements with BCRG; audit reports for FY2025 and FY2024 were unqualified with no adverse opinion.
- Material weaknesses identified: no independent board/audit committee, no written internal control documentation, financial reporting handled by consultant.
- BCRG's letter to SEC regarding the dismissal is attached as Exhibit 16.1.
item 4.01item 9.01