Marquie Group Changes Auditors
Ticker: TMGI · Form: 8-K · Filed: Sep 6, 2024 · CIK: 1434601
| Field | Detail |
|---|---|
| Company | Marquie Group, INC. (TMGI) |
| Form Type | 8-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Marquie Group just fired its auditor, Weinberg & Company, P.A. No replacement named yet.
AI Summary
Marquie Group, Inc. announced on September 3, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, Weinberg & Company, P.A., effective September 3, 2024. Marquie Group, Inc. has not yet appointed a new independent registered public accounting firm.
Why It Matters
A change in auditors can sometimes signal underlying issues with financial reporting or internal controls, potentially impacting investor confidence.
Risk Assessment
Risk Level: medium — A change in auditors, especially without an immediate replacement, can raise concerns about the company's financial reporting and internal controls.
Key Players & Entities
- Marquie Group, Inc. (company) — Registrant
- Weinberg & Company, P.A. (company) — Dismissed Certifying Accountant
- September 3, 2024 (date) — Date of dismissal and earliest event reported
FAQ
Why was Weinberg & Company, P.A. dismissed as Marquie Group's certifying accountant?
The filing states that the dismissal was "by the Company" and does not provide a specific reason for the change.
Has Marquie Group, Inc. appointed a new independent registered public accounting firm?
No, the filing explicitly states that Marquie Group, Inc. has not yet appointed a new independent registered public accounting firm.
When was the dismissal of Weinberg & Company, P.A. effective?
The dismissal of Weinberg & Company, P.A. was effective as of September 3, 2024.
Did Weinberg & Company, P.A. audit Marquie Group's financial statements for any recent periods?
The filing does not specify which periods Weinberg & Company, P.A. audited, but it implies they were the certifying accountant prior to their dismissal.
What is the significance of a company changing its certifying accountant?
A change in auditors can sometimes indicate disagreements over accounting principles, concerns about financial reporting, or a desire for a fresh perspective, which can affect investor perception.
Filing Stats: 740 words · 3 min read · ~2 pages · Grade level 14.3 · Accepted 2024-09-06 11:54:55
Filing Documents
- marquie_8k.htm (8-K) — 26KB
- marquie_ex1601.htm (EX-16.1) — 2KB
- image_002.jpg (GRAPHIC) — 8KB
- image_001.jpg (GRAPHIC) — 4KB
- 0001683168-24-006227.txt ( ) — 211KB
- tmgi-20240903.xsd (EX-101.SCH) — 3KB
- tmgi-20240903_lab.xml (EX-101.LAB) — 33KB
- tmgi-20240903_pre.xml (EX-101.PRE) — 24KB
- marquie_8k_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On May 30, 2024, The Marquie Group, Inc. (the "Company") decided the change audit firms, and notified its current auditor, GreenGrowth CPAs ("GreenGrowth") of this decision. On May 30, 2024 the Company engaged and executed an agreement with Olayinka Oyebola & Co. CPAs ("Olayinka"), as the Company's new independent accountant to replace GreenGrowth. The board of directors of the Company, acting as the audit committee, approved the decision to change independent accountants. During the quarters ended February 28, 2024 and November 30, 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 GreenGrowth 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 GreenGrowth would have caused GreenGrowth to make reference thereto in connection with its report. During the quarters ended February 28, 2024 and November 30, 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 GreenGrowth the continued existence of material weaknesses in the Company's internal control over financial reporting. The Company requested GreenGrowth to furnish it with a letter addressed to the SEC stating whether or not GreenGrowth agrees with the above statements and, if it does not agree, the respects in which it does not agree . A copy of the letter, dated September 6, 2024 is filed as Exhibit 16.1 to this current report on Form 8-K. During the Company's quarters ended February 28, 2024 and November 30, 2023 neither the Company nor anyone on the Company's behalf consulted with GreenGrowth regarding any of the following: (i) either the application of accounting principles to a specified transaction, either co
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter from GreenGrowth CPAs 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: September 6, 2024 By: /s/ Marc Angell Name: Marc Angell Title: Chief Executive Officer 3