Dalrada Financial Corp. Changes Independent Accountant
Ticker: DHTI · Form: 8-K · Filed: Oct 22, 2024 · CIK: 725394
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Dalrada Financial Corp. swapped accountants, firing Weinberg & Company for BDO USA, P.A. on 10/18/24.
AI Summary
Dalrada Financial Corp. announced on October 18, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, Weinberg & Company, P.A., and has appointed BDO USA, P.A. as its new principal accountant. This change was approved by the Audit Committee of the Board of Directors.
Why It Matters
A change in a company's auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — A change in auditor, especially without explicit positive reasons, can sometimes precede or coincide with other financial or operational challenges.
Key Players & Entities
- Dalrada Financial Corporation (company) — Registrant
- Weinberg & Company, P.A. (company) — Former Certifying Accountant
- BDO USA, P.A. (company) — New Certifying Accountant
- October 18, 2024 (date) — Date of change in accountant
- Audit Committee of the Board of Directors (company) — Approving body for the change
FAQ
When was the decision made to change Dalrada Financial Corp.'s certifying accountant?
The decision to change the certifying accountant was made on October 18, 2024.
Who was Dalrada Financial Corp.'s previous independent registered public accounting firm?
Dalrada Financial Corp.'s previous independent registered public accounting firm was Weinberg & Company, P.A.
Who has Dalrada Financial Corp. appointed as its new principal accountant?
Dalrada Financial Corp. has appointed BDO USA, P.A. as its new principal accountant.
Did the company's board have any disagreements with the former accountant?
The filing states there were no disagreements between the company and Weinberg & Company, P.A. that led to the change.
Which committee approved the appointment of the new principal accountant?
The Audit Committee of the Board of Directors approved the appointment of BDO USA, P.A. as the new principal accountant.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 15.9 · Accepted 2024-10-22 08:12:40
Filing Documents
- dalrada_8k.htm (8-K) — 23KB
- 0001683168-24-007282.txt ( ) — 187KB
- dfco-20241018.xsd (EX-101.SCH) — 3KB
- dfco-20241018_lab.xml (EX-101.LAB) — 33KB
- dfco-20241018_pre.xml (EX-101.PRE) — 24KB
- dalrada_8k_htm.xml (XML) — 3KB
01 Changes in Registrants Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant. (b) On October 18, 2024, the Company engaged CM3 Advisory ("CM3") as its independent registered public accounting firm. No consultations occurred between the Company and CM3 during the transitional period ended, the fiscal years ended June 30, 2024 and 2023 and through October 18, 2024, regarding either (i) the application of accounting principles to a specific completed or contemplated transaction, the type of audit opinion that might be rendered on the Company's consolidated financial statements, or other information provided that was an important factor considered by the Company in reaching a decision as to an accounting, auditing, or financial reporting issue, or (ii) any matter that was the subject of disagreement requiring disclosure under Item 304(a)(1)(iv) of Regulation S-K or reportable event requiring disclosure under Item 304(a)(1)(v) of Regulation S-K. 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 thereunto duly authorized. Date: October 22, 2024 DALRADA FINANCIAL CORPORATION By: /s/ Brian Bonar Brian Bonar Officer, Director 2