Better For You Wellness, Inc.: auditor change — Better For You Wellness restates prior financials due to stock option valuation error

Better For You Wellness, Inc.

Auditor GBQ notified board on May 30, 2023 that option-valuation input error (grant date) invalidates prior filings.
Affected periods: Q3 FY2022 (Nov 2021), FY2022 (Feb 2022), and Q1-Q3 FY2023 (May–Nov 2022).
Company will correct via FY2023 10-K filing with restated stock-based compensation.
Board discussed with GBQ; GBQ provided Exhibit 7.1 letter agreeing with non-reliance statements.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Better For You Wellness, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: GBQ Partners LLC

Exact text from the filing

The Company will, as soon as is practicable, make the appropriate adjustments to the above-referenced reports by filing 10K for the fiscal year ended February 28, 2023, which will include restated consolidated financial statements and notes thereto and any other appropriate revisions for the year ended February 28, 2022.

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Source: SEC EDGAR

accession 0001575872-23-000877

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