My City Builders Changes Accountants

TL;DR

**My City Builders just swapped accountants, which could be a red flag for their financials.**

AI Summary

My City Builders, Inc. (OTCPK: MCBI) filed an 8-K on February 20, 2024, reporting a change in its certifying accountant, effective February 15, 2024. This filing indicates a potential shift in the company's financial oversight, which could impact future financial reporting and investor confidence. The company, incorporated in Nevada, operates in the real estate sector.

Why It Matters

A change in a company's certifying accountant can signal underlying issues with financial reporting or a strategic shift, potentially affecting investor perception and the reliability of future financial statements.

Risk Assessment

Risk Level: medium — Changes in certifying accountants can sometimes indicate disagreements over accounting practices or financial disclosures, raising concerns about the company's financial health and transparency.

Key Players & Entities

• My City Builders, Inc. (company) — Registrant
• February 15, 2024 (date) — Date of earliest event reported
• February 20, 2024 (date) — Filed as of date
• Nevada (company) — State of Incorporation
• 100 Biscayne Blvd, #1611 Miami, FL 33132 (company) — Business Address
• 786-553-4006 (company) — Business Phone

FAQ

Filing Documents

• jrvs_8k.htm (8-K) — 23KB
• 0001640334-24-000284.txt ( ) — 137KB
• jrvs-20240215.xsd (EX-101.SCH) — 6KB
• jrvs-20240215_lab.xml (EX-101.LAB) — 13KB
• jrvs-20240215_cal.xml (EX-101.CAL) — 1KB
• jrvs-20240215_pre.xml (EX-101.PRE) — 8KB
• jrvs-20240215_def.xml (EX-101.DEF) — 2KB
• jrvs_8k_htm.xml (XML) — 4KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. On February 15, 2024, we received the resignation of KCCW Accountancy Corp. as our independent accountant. The reports of KCCW Accountancy Corp., on our financial statements for the fiscal years ended July 31, 2023 and 2022 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that the audit report of KCCW Accountancy Corp., on our financial statement for the year ended July 31, 2023 contained an "investment impairment assessment" which is a "critical audit matter" and the financial statements for the years ended July 31, 2023 and 2022 contained a "going concern" paragraph. Our Board of Directors did not recommend or approve of the resignation of KCCW Accountancy Corp. In connection with our audits for its two most recent fiscal years ended December 31, 2023 and 2022, and for the period up to the date of dismissal, we have had no disagreements with KCCW Accountancy Corp., on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KCCW Accountancy Corp., would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report on our financial statements for such years. We have provided KCCW Accountancy Corp., a copy of this report and requested that it furnish us with a letter addressed to the Securities and Exchange Commission (the "SEC") stating whether it agrees with the above statements. As of the date of filing this report with the SEC, KCCW Accountancy Corp., has yet to furnish us with a copy of the above-mentioned letter. We intend to file the letter with the SEC as soon as it is received. 2

SIGNATURES

SIGNATURES Pursuant to the requirement of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. My City Builders, Inc. /s/Yolanda Goodell By: Yolanda Goodell Date : February 20, 2024 Its: Interim Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR