---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-001283"
form_type: "8-K"
ticker: "CAHO"
cik: "0001678105"
company_name: "Caro Holdings Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:14:22.750294+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Caro Holdings dismisses auditor MaloneBailey; engages BF Borgers; cites material weaknesses, going concern

## Summary
- 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.

## SEC filing metadata
- accession: 0001640334-23-001283
- form_type: 8-K
- ticker: CAHO
- cik: 0001678105
- company_name: Caro Holdings Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1678105/000164033423001283/0001640334-23-001283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1678105/000164033423001283/caro_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-001283
- JSON: https://secwatch.observer/filing/0001640334-23-001283.json
- Plain text: https://secwatch.observer/filing/0001640334-23-001283.txt

## Key facts
- Auditor Changes
  Caro Holdings Inc. engaged BF Borgers CPA, PC as its auditor.
  - Action: engagement
  - Auditor: BF Borgers CPA, PC
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1678105/000164033423001283/0001640334-23-001283-index.htm

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