GEVI Changes Certifying Accountant, Signals Operational Shift

TL;DR

**GEVI just swapped auditors, keep an eye on their financials.**

AI Summary

General Enterprise Ventures, Inc. (GEVI) filed an 8-K on January 31, 2024, to report a change in its certifying accountant, effective January 29, 2024. This filing, under Item 4.01, indicates a significant operational change for the company, which operates in Hazardous Waste Management. For investors, a change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, potentially impacting confidence in the company's financial transparency.

Why It Matters

A change in a company's auditor can raise questions about the integrity of its financial statements or its internal controls, potentially affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Changing auditors can be a routine event, but it can also indicate disagreements over accounting principles or financial reporting, which poses a medium risk to investors.

Analyst Insight

A smart investor would monitor subsequent filings for details on the new auditor and any explanations for the change, as this could impact the perceived reliability of future financial statements.

Key Players & Entities

• General Enterprise Ventures, Inc. (company) — the registrant filing the 8-K
• January 29, 2024 (date) — date of the earliest event reported regarding the auditor change
• January 31, 2024 (date) — date the 8-K filing was made
• 800-401-4535 (dollar_amount) — registrant's business phone number

Forward-Looking Statements

• General Enterprise Ventures, Inc. will disclose the specific reasons for the auditor change in a subsequent filing or communication. (General Enterprise Ventures, Inc.) — medium confidence, target: 2024-04-30
• The new certifying accountant will be named in a future amendment or subsequent filing. (General Enterprise Ventures, Inc.) — high confidence, target: 2024-03-31

FAQ

Filing Documents

• general_8k.htm (8-K) — 34KB
• general_ex161.htm (EX-16.1) — 4KB
• general_ex161img2.jpg (GRAPHIC) — 6KB
• general_ex161img5.jpg (GRAPHIC) — 1KB
• 0001640334-24-000172.txt ( ) — 163KB
• general-20240129.xsd (EX-101.SCH) — 6KB
• general-20240129_lab.xml (EX-101.LAB) — 13KB
• general-20240129_cal.xml (EX-101.CAL) — 1KB
• general-20240129_pre.xml (EX-101.PRE) — 8KB
• general-20240129_def.xml (EX-101.DEF) — 2KB
• general_8k_htm.xml (XML) — 3KB

01. Changes in Registrant's Certifying Accountant

Item 4.01. Changes in Registrant's Certifying Accountant. (a)(1) Previous independent registered public accounting firm: BF Borgers CPA PC: (i) On January 29, 2024, we notified BF Borgers CPA PC (" BF Borgers ") of their dismissal as our independent registered public accounting firm. (ii) BF Borgers has not issued a report on our financial statements for the fiscal year ending December 31, 2023, and the report of BF Borgers on the Company's financial statements as of and for the fiscal years ending December 31, 2022 and December 31, 2021, contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles except as set forth in subparagraph (iii) below. (iii) The report of on the Company's financial statements as of and for the years ending December 31, 2022 and December 31, 2021, contained an explanatory paragraph which noted that there was substantial doubt as to the Company's ability to continue as a going concern as the Company has suffered recurring losses since inception, and has not achieved profitability. (iv) Our Board of Directors participated in and approved the decision to change our independent registered public accounting firm. (v) Through our fiscal years ending December 31, 2023 and December 31, 2022, there have been no disagreements with BF Borgers on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of BF Borgers would have caused them to make reference thereto in their report on the financial statements. Through the interim period from December 31, 2023, through January 29, 2024, there have been no disagreements with BF Borgerson any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of BF Borgers would have caused them to

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 16.1 Letter from BF Borgers regarding change in certifying accountant (filed herewith) 104 Cover Page Interactive Data File (embedded within Inline XBRL document) 3

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. General Enterprise Ventures, Inc. Date: January 31, 2024 By: /s/ Joshua Ralston Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR