Global System Dynamics, Inc.: auditor change — GSD dismisses auditor Marcum, engages Fruci; prior audit cited going concern

Global System Dynamics, Inc.

Audit Committee approved dismissal of Marcum LLP on Oct 24, 2023, effective immediately.
Fruci & Associates engaged as new independent auditor for FY2023 and quarterly periods.
Marcum's prior audit reports included an explanatory paragraph about going concern.
No accounting disagreements with Marcum, but material weaknesses in internal controls were disclosed.

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

Global System Dynamics, Inc. dismissed Marcum LLP as its auditor.

Action: dismissal
Auditor: Marcum LLP
Successor: Fruci & Associates, PS

Exact text from the filing

On October 24, 2023, the Audit Committee of Global System Dynamics, Inc. (the “Company”) approved the dismissal of Marcum LLP (“Marcum”) as its independent registered public accounting firm, with immediate effect.

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

Global System Dynamics, Inc. engaged Fruci & Associates, PS as its auditor.

Action: engagement
Auditor: Fruci & Associates, PS

Exact text from the filing

On October 24, 2023, the Company engaged Fruci & Associates, PS (“Fruci”) as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023, and for the Company’s second and third quarterly reporting during the fiscal year ending December 31, 2023.

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Source: SEC EDGAR

accession 0001731122-23-002001

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