other material
confidence high
sentiment negative
materiality 0.70
Auditor RotenbergMeril resigns; internal controls ineffective, going concern noted
AI Era Corp.
- RotenbergMeril resigned as independent auditor effective April 26, 2022.
- FY2021 audit report had a going concern qualification but no adverse opinion.
- No disagreements with former auditor on accounting principles or disclosures.
- Internal control over financial reporting was ineffective as of Aug 31, 2021 and not remediated.
- Company authorized former auditor to respond fully to new accountant's inquiries.