---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000910"
form_type: "8-K"
ticker: "SPFX"
cik: "0001807893"
company_name: "STANDARD PREMIUM FINANCE HOLDINGS, INC."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:49:01.255360+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Standard Premium Finance restates 2021 cash flows, hires new auditor

## Summary
- Audit committee concluded 2021 financials were unreliable due to cash flow classification error.
- Engaged Assurance Dimensions to audit restated consolidated statement of cash flows for 2021.
- Error: reclassified Increase/Decrease in Premium Finance Contracts Receivable from operating to investing activities.
- Restatement is non-cash and does not affect revenue, expenses, or EPS.
- Amended Form 10-K for FY2021 to be filed with SEC.

## SEC filing metadata
- accession: 0001553350-22-000910
- form_type: 8-K
- ticker: SPFX
- cik: 0001807893
- company_name: STANDARD PREMIUM FINANCE HOLDINGS, INC.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000910/0001553350-22-000910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000910/spfx_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000910
- JSON: https://secwatch.observer/filing/0001553350-22-000910.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000910.txt

## Key facts
- Auditor Changes
  STANDARD PREMIUM FINANCE HOLDINGS, INC. engaged Assurance Dimensions, Inc. as its auditor.
  - Action: engagement
  - Auditor: Assurance Dimensions, Inc.
  source text: On November 14, 2022, the Audit Committee of the Board of Directors of Standard Premium Finance Holdings, Inc. (the “Company”) engaged Assurance Dimensions, Inc. to serve as the Company’s independent registered public accounting firm to audit the restated consolidated statement of cash flows for the year ended December 31, 2021 of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000910/0001553350-22-000910-index.htm
- Auditor Changes
  STANDARD PREMIUM FINANCE HOLDINGS, INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On November 14, 2022, the Audit Committee of the Board of Directors of Standard Premium Finance Holdings, Inc. (the “Company”), after consultation with management and discussions with its reviewing independent registered public accounting firm for its Form 10-Q for the fiscal quarter ended September 30, 2022, concluded that the Company’s previously issued financial statements for the year ended December 31, 2021 (the “Relevant Period”) should be restated and should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000910/0001553350-22-000910-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.