World Scan Project Changes Auditors to M&K CPAS, PLLC

TL;DR

**World Scan Project just swapped auditors, but says it's not due to any disagreements.**

AI Summary

World Scan Project, Inc. announced on January 17, 2024, that it has dismissed its independent registered public accounting firm, Weinberg & Company, P.A., and appointed M&K CPAS, PLLC as its new auditor. This change is significant because Weinberg & Company's audit reports for the past two fiscal years did not contain any adverse opinion or disclaimer, nor were there any disagreements on accounting or financial disclosure matters. Investors should note this change as it can sometimes signal underlying issues, though the filing states no such disagreements occurred.

Why It Matters

A change in auditors can sometimes be a red flag for investors, potentially indicating disagreements over financial reporting or other issues, though this filing explicitly states no such disagreements occurred with the former auditor.

Risk Assessment

Risk Level: low — The filing explicitly states there were no disagreements with the former auditor, reducing the typical risk associated with an auditor change.

Analyst Insight

Investors should monitor future filings for any further details or changes in financial reporting, but the explicit statement of no disagreements with the former auditor suggests this change is routine rather than problematic.

Key Players & Entities

• World Scan Project, Inc. (company) — the registrant changing auditors
• Weinberg & Company, P.A. (company) — the dismissed independent registered public accounting firm
• M&K CPAS, PLLC (company) — the newly appointed independent registered public accounting firm
• January 17, 2024 (date) — the date of the earliest event reported regarding the auditor change

FAQ

Filing Documents

• wdspchangeinauditoro.htm (8-K) — 26KB
• ex161wsp.htm (EX-16.1) — 3KB
• image_039.jpg (GRAPHIC) — 9KB
• 0001599916-24-000034.txt ( ) — 197KB
• wdsp-20240117.xsd (EX-101.SCH) — 3KB
• wdsp-20240117_lab.xml (EX-101.LAB) — 33KB
• wdsp-20240117_pre.xml (EX-101.PRE) — 22KB
• wdspchangeinauditoro_htm.xml (XML) — 2KB

01

Item 4.01 Changes in Registrant's Certifying Accountant. Resignation of Independent Registered Public Accountant On January 17, 2024, World Scan Project Inc.'s (the "Company") independent registered public accounting firm, M&K CPAS, PLLC ("MK") resigned effective immediately. The report of MK on the Company's consolidated financial statements for fiscal years ended October 31, 2022 and 2021 included in the Company's annual report on Form 10-K for the year ended October 31, 2022, did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principle, except that such report expressed substantial doubt regarding the Company's ability to continue as a going concern. During the fiscal years ended October 31, 2022 and 2021, and the subsequent interim period through January 17, 2024, there were no (1) disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and MK on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which would have caused it to make reference to the years, or (2) reportable events (as described in Item 304(a)(1)(v) of Regulation S-K). The Company has provided MK with a copy of the foregoing disclosures it is making in this Current Report on Form 8-K prior to its filing and requested, in accordance with applicable practices, that MK furnish a letter addressed to the Securities and Exchange Commission ("SEC") stating whether or not it agrees with the statements made herein. Attached as Exhibit 16.1 is a copy of MK's letter, dated January 23, 2024. As of January 23, 2024, the Company has not yet engaged a replacement independent registered public accounting firm. When the Company has engaged a independent registered public account

01. Financial

Item 9.01. Financial (d) Exhibits. The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K. Exhibit No. Description 16.1 Letter to Securities and Exchange Commission from M&K CPAS, PLLC dated January 23, 2024

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized. World Scan Project, Inc. Dated: January 23, 2024 /s/ Ryohei Uetaki Ryohei Uetaki Chief Executive Officer -3-

View Full Filing

View this 8-K filing on SEC EDGAR