Laser Photonics Corp (LASE): auditor change — Laser Photonics replaces auditor BF Borgers after restatement disputes; Fruci engaged

Laser Photonics Corp

BF Borgers flagged improper revenue recognition for two 2022 sales requiring restatement.
BF Borgers also required stock expense correction for IR firm, needing 10-Q restatements for Q1 and Q2 2023.
Company questioned the restatements but was not opposed; auditor change not based on those issues.
Fruci & Associates II, PLLC appointed as new independent auditor effective October 10, 2023.
BF Borgers sent resignation-for-cause letters to SEC and company; exhibits 16.1-16.3 attached.

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

Laser Photonics Corp engaged Fruci & Associates II, PLLC as its auditor.

Action: engagement
Auditor: Fruci & Associates II, PLLC

Exact text from the filing

On October 10, 2023, the Audit Committee of the Board of Directors of the registrant, Laser Photonics Corporation (the “Company” or “Laser Photonics”), approved the engagement of Fruci & Associates II, PLLC (“Fruci”) as the Company’s independent registered public accounting firm

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Laser Photonics Corp dismissed BF Borgers CPA PC as its auditor.

Action: dismissal
Auditor: BF Borgers CPA PC
Successor: Fruci & Associates II, PLLC

Exact text from the filing

BF Borgers CPA PC (“BF Borgers”), the Company’s independent registered public accounting firm since 2019, was informed that it would be replaced by Fruci as the Company’s independent registered public accounting firm.

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Laser Photonics Corp filing history →

Source: SEC EDGAR

accession 0001654954-23-013046

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