GreenLit Ventures Changes Auditors

TL;DR

GreenLit Ventures swapped auditors from M&P to WithumSmith+Brown, effective May 3, 2024.

AI Summary

GreenLit Ventures Inc. announced on May 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 principal accountant. This change was approved by the Audit Committee of the Board of Directors.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.

Risk Assessment

Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact stock price.

Key Players & Entities

• GreenLit Ventures Inc. (company) — Registrant
• M&P Certified Public Accountants, LLP (company) — Former certifying accountant
• WithumSmith+Brown, PC (company) — New certifying accountant
• May 3, 2024 (date) — Date of change in accountant

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 GLVT OTC Pink Item 4.01 Changes in

Filing Documents

• msyn_8k.htm (8-K) — 26KB
• 0001640334-24-000938.txt ( ) — 148KB
• msyn-20240503.xsd (EX-101.SCH) — 6KB
• msyn-20240503_lab.xml (EX-101.LAB) — 14KB
• msyn-20240503_cal.xml (EX-101.CAL) — 1KB
• msyn-20240503_pre.xml (EX-101.PRE) — 9KB
• msyn-20240503_def.xml (EX-101.DEF) — 2KB
• msyn_8k_htm.xml (XML) — 4KB

01 Changes in Registrant's Certifying Accountants

Item 4.01 Changes in Registrant's Certifying Accountants. (a) Termination of Independent Registered Public Accounting Firm On May 3, 2024, the Securities and Exchange Commission (the "Commission") entered an order instituting settled administrative and cease-and-desist proceedings against BF Borgers CPA PC ("Borgers") and its sole audit partner, Benjamin F. Borgers CPA, permanently barring Mr. Borgers and Borgers (collectively, "BF Borgers") from appearing or practicing before the Commission as an accountant (the "Order"). As a result of the Order, BF Borgers may no longer serve as Greenlit Ventures Inc.'s (the "Company") independent registered public accounting firm, nor can BF Borgers issue any audit reports included in Commission filings, provide consents with respect to audit reports, or review quarterly financial statements filed with the Commission. Borgers' report on the financial statements of the Company for the fiscal year ended December 31, 2023 did not contain an adverse opinion or disclaimer of opinion, nor were they modified or qualified as to uncertainty, audit scope or accounting principles except that Borgers' reports on the financial statements of the Company for the fiscal year ended December 31, 2023 contained the following paragraph: "The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company's minimal activities raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." There have been no "disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K) and no "reportable event" occurred (as that term is defined in Item 304(a)(1)(v) of Regulation S-K during the fiscal year ended December 31, 2023 and the subsequent interim period up to and including the date of Borgers' termina

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, thereunto duly authorized. Greenlit Ventures Inc. Date: June 10, 2024 By: /s/ Fu Yong Nan Fu Yong Nan CEO 3

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View this 8-K filing on SEC EDGAR