other material
confidence high
sentiment negative
materiality 0.70
Yinfu Gold Corp. (ELRE): auditor change — Yinfu Gold dismisses auditor JLKZ, appoints Pan-China Singapore; going concern doubt noted
Yinfu Gold Corp.
- Board dismissed JLKZ CPA LLP as auditor effective Jan 4, 2023; no disagreements or reportable events during engagement.
- Engaged Pan-China Singapore PAC as new auditor effective Jan 5, 2023; no prior consultations on accounting or audit matters.
- Company states that had JLKZ issued reports for FY 2019-2022, those reports would have included explanatory paragraphs about substantial going concern doubt.
- No audit opinions were issued by JLKZ for those fiscal years; the company acknowledges underlying financial condition issues.