Caro Holdings Inc. (CAHO): auditor change — Caro Holdings dismisses auditor MaloneBailey; engages BF Borgers; cites material weaknesses, going concern

Caro Holdings Inc.

Dismissed MaloneBailey as independent auditor effective June 15, 2023; engaged BF Borgers CPA PC on June 25, 2023.
Prior audit reports (FY 2022, 2021) included going-concern explanatory paragraph regarding substantial doubt about viability.
Material weaknesses identified: lack of accounting personnel, internal audit function, segregation of duties, and proper internal controls.
No disagreements with MaloneBailey on accounting principles or auditing scope during the two most recent fiscal years.

item 4.01 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

Caro Holdings Inc. engaged BF Borgers CPA, PC as its auditor.

Action: engagement
Auditor: BF Borgers CPA, PC

Exact text from the filing

On June 25, 2023, the Company engaged BF Borgers CPA, PC (“Borgers”) as its new independent registered public accounting firm to audit and review the Company’s financial statements.

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Caro Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001640334-23-001283

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