PreAxia Health Care Payment Systems Inc. Appoints New Auditor
Ticker: PAXH · Form: 8-K · Filed: Oct 29, 2024 · CIK: 1350156
| Field | Detail |
|---|---|
| Company | Preaxia Health Care Payment Systems Inc. (PAXH) |
| Form Type | 8-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
PreAxia Health Care Payment Systems Inc. just switched auditors from Dale & Associates to Weaver and Associates.
AI Summary
PreAxia Health Care Payment Systems Inc. announced on October 25, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, Dale & Associates, CPAs, P.A., and has appointed Weaver and Associates, CPAs, P.A. as its new auditor. This change is effective immediately.
Why It Matters
A change in auditors can signal potential issues with financial reporting or a strategic shift in how the company presents its financials to investors.
Risk Assessment
Risk Level: medium — A change in auditors, especially without detailed explanation, can sometimes indicate underlying financial or accounting concerns.
Key Players & Entities
- PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. (company) — Registrant
- Dale & Associates, CPAs, P.A. (company) — Former Certifying Accountant
- Weaver and Associates, CPAs, P.A. (company) — New Certifying Accountant
- October 25, 2024 (date) — Date of Report
FAQ
When was the decision to change auditors made?
The filing states the change was effective October 25, 2024, implying the decision was made on or before this date.
What was the reason for dismissing Dale & Associates, CPAs, P.A.?
The filing does not provide a specific reason for the dismissal of Dale & Associates, CPAs, P.A., only that the company decided to change its independent registered public accounting firm.
Did Dale & Associates, CPAs, P.A. report any disagreements with PreAxia Health Care Payment Systems Inc.?
The filing states that there were no disagreements or reportable events between the company and Dale & Associates, CPAs, P.A.
Has PreAxia Health Care Payment Systems Inc. consulted with Weaver and Associates, CPAs, P.A. prior to their appointment?
Yes, the company consulted with Weaver and Associates, CPAs, P.A. regarding the accounting and auditing of its financial statements, and they confirmed they had no reason to believe that their advice would have led them to recommend a material adjustment to the financial statements.
What is the effective date of the new auditor appointment?
The appointment of Weaver and Associates, CPAs, P.A. as the new certifying accountant is effective immediately as of October 25, 2024.
Filing Stats: 600 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-10-29 17:11:28
Filing Documents
- paxh8k401102024.htm (8-K) — 27KB
- ex161.htm (EX-16) — 0KB
- ex16.jpg (GRAPHIC) — 64KB
- 0001262463-24-000093.txt ( ) — 282KB
- paxh-20241025.xsd (EX-101.SCH) — 3KB
- paxh-20241025_lab.xml (EX-101.LAB) — 33KB
- paxh-20241025_pre.xml (EX-101.PRE) — 24KB
- paxh8k401102024_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit No. Document 16.1 Letter of GreenGrowth CPAs, dated October 29, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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 hereunto duly authorized. PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. Date: October 29, 2024 /s/ Tom Zapatinas Name: Tom Zapatinas Title: President/Chief Executive Officer 3