Filing Analysis
🔍 Auditor Change
Filed May 02, 2024
🟠 HIGH
International Land Alliance, Inc. has replaced its independent registered public accounting firm, M&K CPAS, PLLC, with Bush & Associates CPA. The change follows a notice of disengagement from the previous auditor.
🚩 Red Flags
- Auditor change (Item 4.01) is a high-risk event in micro-cap companies.
- Previous audit reports contained going concern language/uncertainty regarding the company's ability to continue operations.
- The auditor 'disengaged' rather than being terminated by the client, which can sometimes signal friction, though no formal disagreements were noted.
📋 Key Facts
- M&K CPAS, PLLC issued a notice of disengagement on April 24, 2024.
- Bush & Associates CPA was approved by the Board on April 17, 2024, to serve as the new auditor for fiscal year ended December 31, 2023.
- The previous audit report for the fiscal year ended December 31, 2022, contained an explanatory paragraph regarding a going concern uncertainty.
- No disagreements regarding accounting principles or auditing procedures were reported between the Company and M&K.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.