other material
confidence high
sentiment negative
materiality 0.60
Alpha Investment Inc. replaces auditor after prior firm winds down; going concern noted
Alpha Investment Inc.
- Ciro E. Adams, CPA resigned as independent auditor on Sept 14, 2022 due to winding down and ceasing operations.
- Adams' reports on FY2020 and FY2021 contained a going concern explanatory paragraph but were otherwise unqualified.
- No disagreements or reportable events occurred during Adams' tenure (July 2021 – Sept 2022).
- Effective Sept 19, 2022, Alpha engaged BF Borgers CPA PC as its new registered public accounting firm.
- Engagement of BF Borgers was approved by written consent of the sole director on Sept 19, 2022.