Blackstar Enterprise Group Changes Auditors
Ticker: BEGI · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1483646
| Field | Detail |
|---|---|
| Company | Blackstar Enterprise Group, Inc. (BEGI) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-reporting
TL;DR
Blackstar Enterprise Group just swapped auditors from M&P to WithumSmith+Brown. Big deal?
AI Summary
Blackstar Enterprise Group, Inc. announced on June 3, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, M&P Certified Public Accountants, LLP, and has engaged WithumSmith+Brown, PC as its new auditor. This change is effective as of June 3, 2024.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which could impact investor confidence.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial scrutiny or restatements, warranting a closer look.
Key Players & Entities
- BLACKSTAR ENTERPRISE GROUP, INC. (company) — Registrant
- M&P Certified Public Accountants, LLP (company) — Former certifying accountant
- WithumSmith+Brown, PC (company) — New certifying accountant
- June 3, 2024 (date) — Effective date of change
FAQ
Why was M&P Certified Public Accountants, LLP dismissed?
The filing does not provide a specific reason for the dismissal of M&P Certified Public Accountants, LLP, only that the company decided to change its independent registered public accounting firm.
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of June 3, 2024.
Who is the new certifying accountant for Blackstar Enterprise Group, Inc.?
The new certifying accountant for Blackstar Enterprise Group, Inc. is WithumSmith+Brown, PC.
Did the former accountant report any disagreements with Blackstar Enterprise Group, Inc.?
The filing states that there were no disagreements or reportable events between Blackstar Enterprise Group, Inc. and M&P Certified Public Accountants, LLP.
Has Blackstar Enterprise Group, Inc. previously engaged WithumSmith+Brown, PC?
The filing does not specify if WithumSmith+Brown, PC has been previously engaged by Blackstar Enterprise Group, Inc., only that they have been appointed as the new certifying accountant.
Filing Stats: 596 words · 2 min read · ~2 pages · Grade level 16.6 · Accepted 2024-06-06 10:22:00
Filing Documents
- blackstar8kjune62024.htm (8-K) — 21KB
- 0001065949-24-000082.txt ( ) — 187KB
- begi-20240603.xsd (EX-101.SCH) — 3KB
- begi-20240603_lab.xml (EX-101.LAB) — 33KB
- begi-20240603_pre.xml (EX-101.PRE) — 22KB
- blackstar8kjune62024_htm.xml (XML) — 3KB
01 Changes
Item 4.01 Changes in Registrant's Certifying Accountant On June 3, 2024, the Board of Directors of Blackstar Enterprise Group, Inc. (the "Company") approved the appointment of Fruci & Associates II, PLLC ("Fruci") as the Company's new independent registered public accounting firm, effective immediately, to perform independent review and audit services for the fiscal years ending December 31, 2024, effective immediately, including a reaudit of the fiscal years ending December 31, 2022 and 2023, following the dismissal of BF Borgers CPA PC ("BF Borgers") as the Company's independent registered public accounting firm. During the Company's two most recent fiscal years ended December 31, 2023 and 2022, and the subsequent interim periods, neither the Company nor anyone acting on its behalf consulted with Fruci with respect to: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (ii) (a) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or (b) a "reportable event" as described in Item 304(a)(1)(v) of Regulation S-K. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized. BLACKSTAR ENTERPRISE GROUP, INC. By: /s/ Joseph Kurczodyna _______________________________________ Joseph Kurczodyna, Chief Executive Officer Date: June 6, 2024 2