American Resources Corp. Changes Certifying Accountant
Ticker: AREC · Form: 8-K · Filed: May 10, 2024 · CIK: 1590715
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: AREC
TL;DR
AREC swapped auditors, moving from MaloneBailey to Weaver and Associates.
AI Summary
American Resources Corporation (AREC) filed an 8-K on May 10, 2024, to report changes in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, MaloneBailey, LLP, and has appointed Weaver and Associates, LLP as its new independent registered public accounting firm, effective May 9, 2024.
Why It Matters
A change in a company's auditor can sometimes signal underlying issues or a strategic shift, prompting investors to scrutinize the reasons behind the change.
Risk Assessment
Risk Level: medium — A change in auditor, especially if not clearly explained, can sometimes indicate underlying financial or operational concerns.
Key Players & Entities
- American Resources Corporation (company) — Registrant
- MaloneBailey, LLP (company) — Former Certifying Accountant
- Weaver and Associates, LLP (company) — New Certifying Accountant
- May 10, 2024 (date) — Filing Date
- May 9, 2024 (date) — Effective Date of New Accountant Appointment
FAQ
Why did American Resources Corporation change its certifying accountant?
The filing states that the change was made by the company and does not provide specific reasons for the dismissal of Malone Bailey, LLP.
When was the change in certifying accountant effective?
The appointment of Weaver and Associates, LLP as the new independent registered public accounting firm was effective May 9, 2024.
What was the name of the former certifying accountant for American Resources Corporation?
The former certifying accountant was Malone Bailey, LLP.
What is the name of the new certifying accountant for American Resources Corporation?
The new certifying accountant is Weaver and Associates, LLP.
On what date was this 8-K filing submitted?
This Form 8-K was filed on May 10, 2024.
Filing Stats: 417 words · 2 min read · ~1 pages · Grade level 12.5 · Accepted 2024-05-10 16:21:03
Filing Documents
- arec_8k.htm (8-K) — 19KB
- 0001654954-24-005962.txt ( ) — 130KB
- arec-20240510.xsd (EX-101.SCH) — 6KB
- arec-20240510_lab.xml (EX-101.LAB) — 13KB
- arec-20240510_cal.xml (EX-101.CAL) — 1KB
- arec-20240510_pre.xml (EX-101.PRE) — 8KB
- arec-20240510_def.xml (EX-101.DEF) — 2KB
- arec_8k_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant (b) Newly Engaged Independent Registered Public Accounting Firm On May 10, 2024, the Audit Committee approved the appointment of GBQ Partners LLC ("GBQ") as the Company's new independent public accounting firm, effective immediately. During the Company's two most recent fiscal years, and any subsequent interim period prior to engaging GBQ, neither the Company, nor anyone on its behalf, consulted GBQ regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the Company, and no written report or oral advice was provided to the Company by GBQ that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a "reportable event" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
01. 1. Financial Statements and Exhibits
Item 9.01. 1. Financial Statements and Exhibits. None 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 hereunto duly authorized. American Resources Corporation Date: May 10, 2024 By /s/ Mark C. Jensen Mark C. Jensen Chief Executive Officer 3