Vemanti Group Changes Certifying Accountant on Dec 22

TL;DR

**Vemanti Group just switched auditors, keep an eye on their financials.**

AI Summary

Vemanti Group, Inc. (VMNT) announced on December 22, 2023, that it changed its certifying accountant. This change is significant because the auditor is responsible for verifying the company's financial statements, and a switch can sometimes signal underlying issues or a desire for a fresh perspective. Investors should monitor future filings to see if this change impacts the transparency or reliability of Vemanti's financial reporting.

Why It Matters

A change in auditors can sometimes indicate financial reporting issues or a company seeking a more lenient auditor, which could impact investor confidence and the perceived reliability of financial statements.

Risk Assessment

Risk Level: medium — Changing auditors can be a routine event, but it can also signal potential disagreements over accounting practices or financial health, introducing uncertainty.

Analyst Insight

Investors should monitor subsequent filings, particularly the next 10-K, to identify the new auditor and review any disclosures regarding disagreements with the former accountant, as this could provide insight into the company's financial reporting practices.

Key Players & Entities

• Vemanti Group, Inc. (company) — the registrant filing the 8-K
• December 22, 2023 (date) — date of the earliest event reported regarding the change in accountant
• Nevada (company) — state of incorporation for Vemanti Group, Inc.
• 7545 Irvine Center Dr., Ste 200, Irvine, CA 92618 (company) — business address of Vemanti Group, Inc.
• 949-559-7200 (dollar_amount) — business phone number of Vemanti Group, Inc.

Forward-Looking Statements

• Vemanti Group will disclose the identity of its new certifying accountant in a future filing. (Vemanti Group, Inc.) — high confidence, target: 2024-03-31
• The company's next annual report (10-K) will be audited by the newly appointed accountant. (Vemanti Group, Inc.) — high confidence, target: 2024-04-15

FAQ

Filing Documents

• vmnt_8k.htm (8-K) — 26KB
• vmnt_ex161.htm (EX-16.1) — 1KB
• 0001477932-23-009426.txt ( ) — 143KB
• vmnt-20231222.xsd (EX-101.SCH) — 6KB
• vmnt-20231222_lab.xml (EX-101.LAB) — 13KB
• vmnt-20231222_cal.xml (EX-101.CAL) — 1KB
• vmnt-20231222_pre.xml (EX-101.PRE) — 8KB
• vmnt-20231222_def.xml (EX-101.DEF) — 2KB
• vmnt_8k_htm.xml (XML) — 3KB

01. Changes in Registrant's Certifying Accountant

Item 4.01. Changes in Registrant's Certifying Accountant. (a) Dismissal of independent registered public accounting firm On December 22, 2023, Vemanti Group, Inc. (the "Company") dismissed Ramirez Jimenez International CPAs ("RJI") as the Company's independent registered public accounting firm, effective immediately. The reports of RJI on the Company's consolidated financial statements as of and for the years ended December 31, 2022 and December 31, 2021 contained no adverse opinion or disclaimer of opinion nor were any such reports qualified or modified as to uncertainty, audit scope or accounting principle. During the recent fiscal years ending December 31, 2022 and December 31, 2021 and through the date of this Current Report, there have been no (i) disagreements with RJI on any matter or accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which connects with its reports; or (ii) "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K. The Company has provided RJI with a copy of the above disclosures and requested that RJI furnish the Company with a letter addressed to the Securities and Exchange Commission ("SEC") stating whether or not it agrees with the above statement. A copy of RJI's letter, dated December 29, 2023 is filed as exhibit 16.1 to this Current Report of Form 8-K. (b) New independent registered public accounting firm On December 22, 2023, the Company engaged M&K CPAS LLC ("M&K"), as the Company's new independent registered public accounting firm. During the recent fiscal years ending December 31, 2022 and December 31, 2021, and through the date of this Current Report on Form 8-K, the Company has not consulted M&K regarding (i) application of accounting principles to any specified transaction, either completed or proposed, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter that was either the subject of a disagreement

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibit No. Description 16.1 Letter of Ramirez Jimenez International CPAs to the Securities and Exchange Commission dated December 29, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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 thereunto duly authorized. Vemanti Group, Inc. Date: December 29, 2023 By: /s/ Tan Tran Tan Tran Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR