Crown Equity Holdings Inc. Changes Certifying Accountant
Ticker: CRWE · Form: 8-K/A · Filed: Jun 25, 2024 · CIK: 1103833
Sentiment: neutral
Topics: auditor-change, amendment, financial-reporting
TL;DR
CRWE just swapped accountants, might be worth watching their financials.
AI Summary
Crown Equity Holdings, Inc. filed an 8-K/A amendment on June 25, 2024, to report changes in its certifying accountant. The company previously engaged a different accountant and is now appointing a new one. This amendment provides updated information regarding the change in auditor.
Why It Matters
A change in a company's auditor can signal potential concerns about financial reporting or a strategic shift in how the company presents its financial health.
Risk Assessment
Risk Level: medium — Changes in certifying accountants can sometimes precede or indicate underlying financial issues or disagreements over accounting practices.
Key Players & Entities
- Crown Equity Holdings, Inc. (company) — Registrant
- 0001477932-24-003864 (filing_id) — Accession Number
- 20240625 (date) — Filing Date
- 11226 Pentland Downs, Las Vegas, NV 89141 (address) — Principal Executive Offices
FAQ
What is the primary purpose of this 8-K/A filing?
The primary purpose of this 8-K/A filing is to amend a previous filing and report changes in Crown Equity Holdings, Inc.'s certifying accountant.
When was this amendment filed?
This amendment was filed on June 25, 2024.
What was the previous company name for Crown Equity Holdings, Inc.?
The company was formerly known as MICRO BIO-MEDICAL WASTE SYSTEMS, INC. and 20/20 NETWORKS INC.
In which state is Crown Equity Holdings, Inc. incorporated?
Crown Equity Holdings, Inc. is incorporated in Nevada.
What is the SIC code for Crown Equity Holdings, Inc.?
The Standard Industrial Classification (SIC) code for Crown Equity Holdings, Inc. is 5734, which corresponds to RETAIL-COMPUTER & COMPUTER SOFTWARE STORES.
Filing Stats: 856 words · 3 min read · ~3 pages · Grade level 13.1 · Accepted 2024-06-25 16:25:50
Filing Documents
- crwe_8ka.htm (8-K/A) — 27KB
- crwe_ex161.htm (EX-16.1) — 2KB
- 0001477932-24-003864.txt ( ) — 142KB
- crwe-20240624.xsd (EX-101.SCH) — 6KB
- crwe-20240624_lab.xml (EX-101.LAB) — 13KB
- crwe-20240624_cal.xml (EX-101.CAL) — 1KB
- crwe-20240624_pre.xml (EX-101.PRE) — 8KB
- crwe-20240624_def.xml (EX-101.DEF) — 2KB
- crwe_8ka_htm.xml (XML) — 3KB
01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. (a) Dismissal of Certifying Accountant Effective June 17, 2024, the Board of Directors of the Registrant dismissed its independent auditors, M&K CPAS, PLLC, of Houston, Texas, which action was approved by the Registrant's Board of Directors on June 17, 2024 and effective immediately. Except as described in the following sentence, the reports of M&K CPAS, PLLC on the financial statements of Registrant for either of the past two fiscal years, ending December 31, 2023 and 2022, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. The report of M&K CPAS, PLLC on the financial statements of Registrant for the fiscal years ended December 31, 2023 and December 31, 2022 do, however, contain an expression of substantial doubt as regarding Registrant's ability to continue as a going concern. During the Registrant's two most recent fiscal years, ending December 31, 2023 and 2022, and through to the date of dismissal June 17, 2024, the Registrant had: (i) no disagreements with M&K CPAS, PLLC of the type contemplated by Item 304(a)(1)(iv) of Regulation S-K on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to M&K CPAS, PLLC's satisfaction, would have caused it to make reference to the subject matter of any such disagreement in connection with its reports; and (ii) no reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K. Registrant has requested that M&K CPAS, PLLC furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements in this Item 4.01 within 10 business days of the date of filing this report. A copy of M&K CPAS, PPLC's letter to the Securities and Exchange Commission is included as an exhibit to this filing. (b) Engagement of New C
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements of Business Acquired. N/A (b) Pro forma financial information. N/A (c) Exhibits. As described in Item 4.01 of this Report, the following exhibit is filed as part of this Current Report on Form 8-K/A: Exhibit Number Description 16.1 Letter of M&K CPAS, PLLC to the Securities and Exchange Commission dated June 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE 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. CROWN EQUITY HOLDINGS, INC. (Registrant) Date: June 25, 2024 By: /s/ Mike Zaman Name: Mike Zaman Title: CEO and President 3