Marquie Group Changes Certifying Accountant, Dismisses 06 Technology
Ticker: TMGI · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1434601
| Field | Detail |
|---|---|
| Company | Marquie Group, INC. (TMGI) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: auditor-change, corporate-governance, 8-K
TL;DR
**Marquie Group just swapped auditors, ditching 06 Technology, which could signal financial reporting changes ahead.**
AI Summary
Marquie Group, Inc. (MRQE) announced on January 24, 2024, that it changed its certifying accountant on October 4, 2023. The company dismissed its previous auditor, 06 Technology, and engaged a new, unnamed independent registered public accounting firm. This change is significant for investors because a switch in auditors, especially without a clear explanation of disagreements, can sometimes signal underlying financial reporting issues or a desire for a less scrutinizing audit, potentially impacting the reliability of future financial statements.
Why It Matters
A change in auditors can raise questions about financial transparency and the integrity of a company's financial reporting, which is crucial for investor confidence.
Risk Assessment
Risk Level: medium — Changing auditors can be a red flag, especially if there were disagreements, as it might indicate potential issues with financial reporting or internal controls.
Analyst Insight
Investors should monitor future filings for details on the new auditor and any disclosures regarding disagreements with the former auditor, as these could impact the perceived reliability of financial statements.
Key Players & Entities
- Marquie Group, Inc. (company) — the registrant changing its certifying accountant
- 06 Technology (company) — the former certifying accountant that was dismissed
- October 4, 2023 (date) — the date of the earliest event reported regarding the change in accountant
- January 24, 2024 (date) — the filing date of the 8-K report
Forward-Looking Statements
- Marquie Group will disclose the name of its new independent registered public accounting firm in a future filing. (Marquie Group, Inc.) — medium confidence, target: 2024-05-31
- The company's next annual report (10-K) will be audited by the newly appointed accounting firm. (Marquie Group, Inc.) — high confidence, target: 2024-08-31
FAQ
What was the specific event reported in this 8-K filing by Marquie Group, Inc.?
Marquie Group, Inc. reported a change in its certifying accountant, specifically the dismissal of its former auditor, 06 Technology, and the engagement of a new independent registered public accounting firm.
When did the earliest event reported in this filing occur?
The earliest event reported, the change in the registrant's certifying accountant, occurred on October 4, 2023.
Who was the previous certifying accountant for Marquie Group, Inc.?
The previous certifying accountant for Marquie Group, Inc. was 06 Technology.
What is the business address of Marquie Group, Inc. as stated in the filing?
The business address of Marquie Group, Inc. is 7901 4th Street North, Suite 4000, St. Petersburg, Florida, 33702.
What is the Central Index Key (CIK) for Marquie Group, Inc.?
The Central Index Key (CIK) for Marquie Group, Inc. is 0001434601.
Filing Stats: 830 words · 3 min read · ~3 pages · Grade level 15 · Accepted 2024-01-23 18:37:32
Filing Documents
- marquie_8k.htm (8-K) — 26KB
- marquie_ex1601.htm (EX-16.1) — 2KB
- image_001.jpg (GRAPHIC) — 22KB
- image_002.jpg (GRAPHIC) — 5KB
- 0001683168-24-000400.txt ( ) — 230KB
- tmgi-20231004.xsd (EX-101.SCH) — 3KB
- tmgi-20231004_lab.xml (EX-101.LAB) — 33KB
- tmgi-20231004_pre.xml (EX-101.PRE) — 22KB
- marquie_8k_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On October 4, 2023, The Marquie Group, Inc.. (the "Company") was informed that Gries & Associates, LLC ("Gries") had sold its business to GreenGrowth CPAs ("GreenGrowth"). On November 16, 2023, the Company engaged and executed an agreement with GreenGrowth CPAs ("GreenGrowth"), as the Company's new independent accountant to replace Gries. The reports of Gries regarding the Company's financial statements for the fiscal years ended May 31, 2023 and 2022, being the two most recent fiscal years for which the Company has filed audited financial statements with the Securities and Exchange Commission (the "SEC"), did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except to indicate that there was substantial doubt about the Company's ability to continue as a going concern. The board of directors of the Company, acting as the audit committee, approved the decision to change independent accountants. During the fiscal years ended May 31, 2023 and 2022, and through August 31, 2023, the Company had no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) with Gries on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Gries would have caused Gries to make reference thereto in connection with its report. During the fiscal years ended May 31, 2023 and 2022, and through August 31, 2023 the Company did not experience any reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K), except that management of the Company discussed with Gries the continued existence of material weaknesses in the Company's internal control over financial reporting. The Company requested Gries to furnish it with a letter addressed to the S
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter from Gries & Associates, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE 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. The Marquie Group, Inc. Date: January 23, 2024 By: /s/ Marc Angell Name: Marc Angell Title: Chief Executive Officer 3