Eco Bright Future, Inc. Changes Independent Auditor
Ticker: UTKN · Form: 8-K · Filed: Oct 17, 2024 · CIK: 1919182
| Field | Detail |
|---|---|
| Company | Eco Bright Future, Inc. (UTKN) |
| Form Type | 8-K |
| Filed Date | Oct 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-reporting
TL;DR
Eco Bright Future just fired its auditor, MaloneBailey LLP. New auditor TBD.
AI Summary
Eco Bright Future, Inc. announced on October 17, 2024, a change in its certifying accountant. The company has dismissed its former independent registered public accounting firm, MaloneBailey LLP, effective October 17, 2024. The company has not yet appointed a new independent registered public accounting firm.
Why It Matters
A change in auditor can signal potential issues with financial reporting or a desire for a fresh perspective on the company's financial health.
Risk Assessment
Risk Level: medium — A change in auditor, especially without a replacement named, can raise concerns about financial reporting and internal controls.
Key Players & Entities
- Eco Bright Future, Inc. (company) — Registrant
- MaloneBailey LLP (company) — Former independent registered public accounting firm
- October 17, 2024 (date) — Date of dismissal and report
FAQ
Why was Malone Bailey LLP dismissed as Eco Bright Future's certifying accountant?
The filing states that the dismissal was a decision by the Audit Committee of the Board of Directors, but does not provide specific reasons for the dismissal.
Did Malone Bailey LLP's reports on Eco Bright Future's financial statements contain any disagreements or adverse opinions?
The filing explicitly states that there were no disagreements or reportable events between Eco Bright Future and Malone Bailey LLP.
Has Eco Bright Future appointed a new independent registered public accounting firm?
No, the filing indicates that Eco Bright Future has not yet appointed a successor independent registered public accounting firm.
When was the dismissal of Malone Bailey LLP effective?
The dismissal of Malone Bailey LLP was effective as of October 17, 2024.
What is the address of Eco Bright Future, Inc.'s principal executive offices?
The address is 225 Ave Ponce De Leon, PH 1521, San Juan, PR 00907.
Filing Stats: 803 words · 3 min read · ~3 pages · Grade level 13.2 · Accepted 2024-10-17 17:29:41
Filing Documents
- eps11575.htm (8-K) — 21KB
- ex16-1.htm (EX-16.1) — 3KB
- goff-letterhead.jpg (GRAPHIC) — 285KB
- goff-signature.jpg (GRAPHIC) — 100KB
- goff-letterbottom.jpg (GRAPHIC) — 123KB
- 0001171520-24-000339.txt ( ) — 889KB
- ebfi-20241017_lab.xml (EX-101.LAB) — 33KB
- ebfi-20241017_pre.xml (EX-101.PRE) — 22KB
- ebfi-20241017.xsd (EX-101.SCH) — 3KB
- eps11575_htm.xml (XML) — 3KB
01 Changes in Company's Certifying Accountant
Item 4.01 Changes in Company's Certifying Accountant
Changes in Issuer's Certifying Accountants. The Board of Directors
Item 4. Changes in Issuer's Certifying Accountants. The Board of Directors (the "Board") of Eco Bright Future, Inc. (the "Company") recently conducted a competitive selection process to determine the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The Committee invited several public accounting firms to participate in the process. As a result of this process, the Committee approved the appointment of M. S. Madhava Rao ("RAO") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The decision to change accountants to RAO from Goff Backa Alfera and Company ("GBAC") was approved by the Board, effective October 8, 2024. The prior auditors GBAC resigned on August 23, 2024. The reports of GBAC on the Company's financial going concern as a critical audit matter. During the two fiscal years ended December 31, 2023, and the subsequent interim period preceding such resignation, (i) there was no disagreement with GBAC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreement, if not resolved to the satisfaction of GBAC, would have caused GBAC to make reference to the subject matter of the disagreement in connection with their reports, and (ii) there were no "reportable events" within the meaning of Item 304(a) (1)(v) of Regulation S-K. The Company filed two Form 10-Q filings with the SEC that includes quarterly financial information for 2023 and 2024, As an issuer, the Company is required to have the quarterly information reviewed by a qualified independent registered accounting firm prior to those filings taking place. GBAC was not engaged to perform this work, RAO will be reviewing this information. The Company has provided GBAC with a copy of the disclosures
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. Eco Bright Future, Inc. October 17, 2024 /s/ George Athanasiadis George Athanasiadis, CEO