Caro Holdings Inc. (CAHO): auditor change — Caro Holdings replaces auditor MaloneBailey with BF Borgers; prior report had going concern doubt

Caro Holdings Inc.

MaloneBailey dismissed as auditor effective June 15, 2023; decision approved by Board.
Prior auditor's reports for FY ended March 31, 2022 and 2021 included going concern explanatory paragraph.
Material weaknesses identified: no accounting personnel, lack of internal audit, segregation of duties, weak internal controls.
No disagreements with MaloneBailey on accounting or audit scope; no reportable events.
New auditor BF Borgers CPA, PC engaged on June 25, 2023.

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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Source: SEC EDGAR

accession 0001640334-23-001293

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