other material
confidence high
sentiment negative
materiality 0.70
ESG Inc. (ESGH): auditor change — ESG Inc. replaces BF Borgers CPA with Qi CPA LLC; prior audit had going concern doubt
ESG Inc.
- On Jan 22, 2024, ESG Inc. terminated BF Borgers CPA PC as auditor and hired Qi CPA LLC as new independent registered public accounting firm.
- Former auditor's report for FY ended Aug 31, 2023 contained an explanatory paragraph about going concern uncertainty.
- No disagreements with former auditor on accounting principles or practices during FY2023 and through Jan 22, 2024.
- New auditor (Qi CPA LLC) was not consulted on any accounting matters prior to engagement.
- Former auditor provided a letter to the SEC agreeing with the disclosures, attached as Exhibit 16.1.