DALRADA Changes Certifying Accountant

TL;DR

**DALRADA just changed its auditor, keep an eye on their financials.**

AI Summary

DALRADA FINANCIAL CORP (DALRADA) filed an 8-K on February 26, 2024, reporting a change in its certifying accountant, effective February 20, 2024. This filing, under SEC File Number 000-12641, indicates a significant administrative change for the Wyoming-incorporated company, whose business address is 600 La Terraza Blvd., Escondido, California 92025.

Why It Matters

Changes in a company's certifying accountant can signal shifts in financial oversight or potential issues, impacting investor confidence and the reliability of financial reporting.

Risk Assessment

Risk Level: medium — A change in certifying accountant can sometimes indicate underlying financial reporting issues or disagreements, warranting closer scrutiny.

Key Numbers

• 2024-02-20 — Effective Date of Change (Date of earliest event reported for the change in certifying accountant.)
• 000-12641 — SEC File Number (Identifies the specific SEC filing for DALRADA FINANCIAL CORP.)

Key Players & Entities

• DALRADA FINANCIAL CORP (company) — Registrant
• 000-12641 (dollar_amount) — SEC File Number
• February 20, 2024 (date) — Date of earliest event reported
• February 26, 2024 (date) — Filing date
• Wyoming (company) — State of incorporation
• 600 La Terraza Blvd., Escondido, California 92025 (company) — Business address
• 858-283-1253 (dollar_amount) — Registrant's telephone number

FAQ

Filing Documents

• dalrada_8k.htm (8-K) — 23KB
• dalrada_ex1601.htm (EX-16.1) — 2KB
• image_001.jpg (GRAPHIC) — 4KB
• image_002.jpg (GRAPHIC) — 4KB
• 0001683168-24-001168.txt ( ) — 199KB
• dfco-20240220.xsd (EX-101.SCH) — 3KB
• dfco-20240220_lab.xml (EX-101.LAB) — 33KB
• dfco-20240220_pre.xml (EX-101.PRE) — 22KB
• dalrada_8k_htm.xml (XML) — 3KB

01 Changes

ITEM 4.01 Changes in Registrants Certifying Accountant. (a) On February 14, 2024, Macias Gini & O'Connell, LLP ("MGO") resigned as Dalrada Financial Corporation's (the "Company") independent registered public accounting firm. MGO audited the consolidated financial statements of the Company for the fiscal year ended June 30, 2023. The audit report of MGO on such consolidated financial statements was dated October 19, 2023, contained a going concern comment as a result of its recurring losses, and did not contain an adverse opinion or disclaimer of opinion that was qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal year ended June 30, 2023 and during the subsequent interim periods, there were no disagreements with MGO on any accounting principles or practices, financial statement disclosure or auditing scope or procedure's that, if not resolved to MGO's satisfaction, would have caused MGO to make reference to the subject matter of the disagreement in connection with its audit report and there were no "reportable events" as defined in Item 304(a)(1)(v) of regulation S-K. The Company has requested that MGO furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter, dated February 20, 2024 is filed herewith as Exhibit 16 to this Current Report on Form 8-K.

01 FINANCIAL STATEMENTS AND

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS The following exhibit is attached as part of this report: Exhibit No. Description 16.1 Letter from Macias Gini & O'Connell, LLP ("MGO") to the Securities and Exchange Commission dated February 20, 2024 104 Cover Page Interactive Data File (formatted in iXBRL, and included in exhibit 101) S ignature 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 thereunto duly authorized. Date: February 20, 2024 DALRADA FINANCIAL CORPORATION By: /s/ Brian Bonar Brian Bonar Officer, Director 2

View Full Filing

View this 8-K filing on SEC EDGAR