---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-001293"
form_type: "8-K/A"
ticker: "CAHO"
cik: "0001678105"
company_name: "Caro Holdings Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:14:12.871638+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Caro Holdings replaces auditor MaloneBailey with BF Borgers; prior report had going concern doubt

## Summary
- 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.

## SEC filing metadata
- accession: 0001640334-23-001293
- form_type: 8-K/A
- 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: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1678105/000164033423001293/0001640334-23-001293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1678105/000164033423001293/caro_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-001293
- JSON: https://secwatch.observer/filing/0001640334-23-001293.json
- Plain text: https://secwatch.observer/filing/0001640334-23-001293.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/1678105/000164033423001293/0001640334-23-001293-index.htm

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