PetroGas Co. Changes Certifying Accountant to BDO USA, LLP

TL;DR

PetroGas Co. swapped auditors from Weaver to BDO USA, LLP, effective immediately.

AI Summary

PetroGas Co. announced on May 22, 2024, a change in its certifying accountant, with BDO USA, LLP replacing Weaver and Associates, LLP. This change is effective immediately, and the company has stated there were no disagreements with Weaver and Associates, LLP.

Why It Matters

A change in auditors can signal potential shifts in financial reporting scrutiny or strategy, impacting investor confidence.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a change in independent auditor and does not indicate any financial distress or significant operational changes.

Key Players & Entities

• PetroGas Co. (company) — Registrant
• BDO USA, LLP (company) — New Certifying Accountant
• Weaver and Associates, LLP (company) — Former Certifying Accountant
• May 22, 2024 (date) — Date of Report

FAQ

Filing Documents

• ptco_8k.htm (8-K) — 26KB
• 0001640334-24-000879.txt ( ) — 141KB
• ptco-20240522.xsd (EX-101.SCH) — 6KB
• ptco-20240522_lab.xml (EX-101.LAB) — 13KB
• ptco-20240522_cal.xml (EX-101.CAL) — 1KB
• ptco-20240522_pre.xml (EX-101.PRE) — 8KB
• ptco-20240522_def.xml (EX-101.DEF) — 2KB
• ptco_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 22, 2024, Petrogas Company (the "Company") dismissed BF Borgers CPA PC ("BF Borgers") as its independent registered public accounting firm. The Company's audit committee unanimously approved the decision to dismiss BF Borgers. 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 March 31, 2023 and the subsequent interim period up to and including the date of BF Borgers' dismissal between the Company and BF Borgers on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to the satisfaction of BF Borgers, would have caused them to make reference to the subject matter of the disagreement in connection with their report on the Company's financial statements for those periods. BF Borgers is not currently permitted to appear or practice before the Commission, as a result, we are not requesting BF Borgers to furnish our Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. (b) Appointment of Independent Registered Public Accounting Firm On May 24, 2024, the Company appointed Olayinka Oyebola & Co, Chartered Accountants ("OOC") as its new independent registered public accounting firm to audit and review the Company's financial statements. During the two most recent fiscal years ended March 31, 2023 and 2022 and any subsequent interim periods through the date hereof prior to the engagement of OO & Co., neither the Company, nor someone on its behalf, has consulted OO & Co. regarding (i) either: the application of accounting principles to a specified transaction, either completed or proposed; or the ty

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. PETROGAS COMPANY DATE: May 29, 2024 By: /s/ Huang Yu Name: Huang Yu Title: President, CEO 3

View Full Filing

View this 8-K filing on SEC EDGAR