Arax Holdings dismisses BF Borgers as auditor after SEC action; appoints Fruci & Associates

Arax Holdings Corp

Dismissed BF Borgers CPA PC after SEC instituted cease-and-desist proceedings against the auditor and Benjamin F. Borgers.
No disagreements or reportable events with BF Borgers during fiscal years 2023 and 2022.
Appointed Fruci & Associates II, PLLC as new independent auditor for FY ending Oct 31, 2024, effective May 9, 2024.
No prior consultations with Fruci on accounting or auditing matters.

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 0.95

Arax Holdings Corp dismissed BF Borgers CPA PC as its auditor.

Action: dismissal
Auditor: BF Borgers CPA PC

Exact text from the filing

In Registrant’s Certifying Accountant (a) Dismissal of Independent Registered Public Accounting Firm. On May 03, 2022, the Securities and Exchange Commission (“Commission”) deemed it appropriate that public administrative and cease-and-desist proceedings be, and thereby, instituted against BF Borgers CPA PC (“BF Borgers”) and Benjamin F. Borgers, CPA (“Borgers”) (collectively “Respondents”) pursuant to Section 8A of the Securities Act of 1933 (“Securities

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.95

Arax Holdings Corp engaged Fruci & Associates II, PLLC as its auditor.

Action: engagement
Auditor: Fruci & Associates II, PLLC

Exact text from the filing

On May 09, 2024, the Board approved the appointment of Fruci & Associates II, PLLC (“Fruci”) as the Company’s new independent registered public accounting firm for the fiscal year ending October 31, 2024, effective immediately.

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Source: SEC EDGAR

accession 0001753926-24-000945

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