Rego Payment Architectures Changes Certifying Accountant
Ticker: RPMT · Form: 8-K · Filed: Oct 3, 2024 · CIK: 1437283
| Field | Detail |
|---|---|
| Company | Rego Payment Architectures, Inc. (RPMT) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-statements
TL;DR
Rego Payment Architectures (RPAI) switched accountants as of Sept 30. Watch for financial statement updates.
AI Summary
Rego Payment Architectures, Inc. filed an 8-K on October 3, 2024, reporting a change in its certifying accountant as of September 30, 2024. The filing also includes financial statements and exhibits. The company was formerly known as Virtual Piggy, Inc. and Moggle, Inc.
Why It Matters
A change in a company's auditor can signal potential financial concerns or a strategic shift, warranting investor attention.
Risk Assessment
Risk Level: medium — Changes in certifying accountants can sometimes precede or indicate underlying financial issues or disagreements.
Key Players & Entities
- REGO PAYMENT ARCHITECTURES, INC. (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- October 3, 2024 (date) — Filing Date
- VIRTUAL PIGGY, INC. (company) — Former Company Name
- Moggle, Inc. (company) — Former Company Name
FAQ
What is the primary reason for the change in Rego Payment Architectures' certifying accountant?
The filing does not explicitly state the reason for the change in certifying accountant, only that it occurred as of September 30, 2024.
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of September 30, 2024.
What were Rego Payment Architectures' previous names?
Rego Payment Architectures, Inc. was formerly known as Virtual Piggy, Inc. and Moggle, Inc.
What is the filing date of this 8-K report?
This 8-K report was filed on October 3, 2024.
What other items are included in this 8-K filing besides the change in accountant?
This 8-K filing also includes Financial Statements and Exhibits.
Filing Stats: 892 words · 4 min read · ~3 pages · Grade level 15.6 · Accepted 2024-10-03 16:30:23
Filing Documents
- g1022418k.htm (8-K) — 32KB
- ex16_1.htm (EX-16.1) — 3KB
- morisoncogen_logo.jpg (GRAPHIC) — 24KB
- morisoncogen_sig.jpg (GRAPHIC) — 6KB
- morisoncogen_footer.jpg (GRAPHIC) — 15KB
- 0001214659-24-017142.txt ( ) — 266KB
- rpmt-20240930.xsd (EX-101.SCH) — 3KB
- rpmt-20240930_lab.xml (EX-101.LAB) — 34KB
- rpmt-20240930_pre.xml (EX-101.PRE) — 22KB
- g1022418k_htm.xml (XML) — 3KB
01. Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Registrant's Certifying Accountant. Resignation of Independent Registered Public Accounting Firm On September 30, 2024, in conjunction with its exit from providing audit services to publicly traded companies, Morison Cogen LLP ("Morison Cogen") resigned from its role as independent registered public accounting firm for Rego Payment Architectures, Inc. (the "Company"). Morison Cogen's reports on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2023 and December 31, 2022 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that Morison Cogen's Independent Auditor's Reports dated April 1, 2024 and March 31, 2023 expressed substantial doubt about the Company's ability to continue as a going concern due to the Company's losses from development activities. During the fiscal years ended December 31, 2023 and December 31, 2022 and the subsequent interim period through September 30, 2024, (i) there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K, between the Company and Morison Cogen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which that, if not resolved to Morison Cogen's satisfaction, would have caused Morison Cogen to make reference to the subject matter of any such disagreement in connection with its reports for such years and interim period, and (ii) there were no reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K. The Company provided Morison Cogen with a copy of the above disclosures and requested that Morison Cogen furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein. A copy of Morison Cogen's letter dated October 1, 2024 is filed as Exhibit 16.1 to this Current Report on Form 8
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits – The following exhibits are filed as part of this report: Exhibit No. Description of Exhibit 16.1 Letter from Morison Cogen LLP addressed to the Securities and Exchange Commission dated October 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. REGO PAYMENT ARCHITECTURES, INC. Date: October 3, 2024 By: /s/ Joseph R. Toczydlowski Joseph R. Toczydlowski Chief Financial Officer