Specificity, Inc. Changes Auditors
Ticker: SPTY · Form: 8-K · Filed: May 21, 2024 · CIK: 1840102
| Field | Detail |
|---|---|
| Company | Specificity, Inc. (SPTY) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Specificity, Inc. swapped auditors, moving from Malone Bailey to WithumSmith+Brown.
AI Summary
Specificity, Inc. announced on May 15, 2024, that it has dismissed its former independent registered public accounting firm, MaloneBailey LLP. The company has also engaged WithumSmith+Brown, PC as its new independent registered public accounting firm, effective May 21, 2024.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.
Risk Assessment
Risk Level: medium — A change in auditors, especially without explicit reasons provided, can sometimes indicate disagreements or concerns about financial reporting, warranting closer scrutiny.
Key Players & Entities
- Specificity, Inc. (company) — Registrant
- Malone Bailey LLP (company) — Former independent registered public accounting firm
- WithumSmith+Brown, PC (company) — New independent registered public accounting firm
- May 15, 2024 (date) — Date of dismissal of former auditor
- May 21, 2024 (date) — Effective date of engagement of new auditor
FAQ
When was Malone Bailey LLP dismissed as Specificity, Inc.'s independent registered public accounting firm?
Malone Bailey LLP was dismissed as of May 15, 2024.
Who has been engaged as Specificity, Inc.'s new independent registered public accounting firm?
WithumSmith+Brown, PC has been engaged as the new independent registered public accounting firm.
When did the engagement of WithumSmith+Brown, PC become effective?
The engagement of WithumSmith+Brown, PC became effective on May 21, 2024.
Did Specificity, Inc. have any disagreements with Malone Bailey LLP that led to their dismissal?
The filing does not explicitly state any disagreements with Malone Bailey LLP leading to their dismissal.
What is the principal executive office address for Specificity, Inc.?
The principal executive office address for Specificity, Inc. is 410 S. Ware Blvd., Suite 508, Tampa, Florida 33619.
Filing Stats: 928 words · 4 min read · ~3 pages · Grade level 13.8 · Accepted 2024-05-21 17:22:04
Filing Documents
- spty-20240521_8k.htm (8-K) — 29KB
- 0001520138-24-000215.txt ( ) — 198KB
- spty-20240515.xsd (EX-101.SCH) — 3KB
- spty-20240515_lab.xml (EX-101.LAB) — 33KB
- spty-20240515_pre.xml (EX-101.PRE) — 22KB
- spty-20240521_8k_htm.xml (XML) — 4KB
01 Changes in Registrant's
Item 4.01 Changes in Registrant's Certifying Accountant On May 7, 2024, the Board of Directors of Specificity, Inc. (the "Company") dismissed BF Borgers C.P.A. PC ("BF Borgers") as the Company's independent registered public accounting firm. On May 3, 2024, the Securities and Exchange Commission (the "SEC") announced that it had settled charges against Borgers that it failed to conduct audits in accordance with the standards of the Public Company Accounting Oversight Board (the "PCAOB"). As part of the settlement, Borgers agreed to a permanent ban on appearing or practicing before the SEC. As a result of Borgers' settlement with the SEC, the Company dismissed Borgers as its independent accountant. The reports of BF Borgers on the Company's consolidated financial statements for the fiscal years ended December 31, 2023, and December 31, 2022, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles other than an explanatory paragraph relating to the Company's ability to continue as a going concern. During the fiscal years ended December 31, 2023, and December 31, 2022, and through the date of termination, May 7, 2024, there were no "disagreements" with BF Borgers 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 BF Borgers would have caused BF Borgers to make reference thereto in its reports on the consolidated financial been no "reportable events" (as defined in Item 304(a)(1)(iv) and Item 304(a)(1)(v) of Registration S-K). The U.S. Securities and Exchange Commission has advised that, in lieu of obtaining a letter from BF Borgers stating whether or not it agrees with the statements herein, the Company may indicat