Global Tech Industries Group Changes Auditors

Ticker: GTII · Form: 8-K · Filed: 2024-05-10T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, accounting

TL;DR

GTII just swapped auditors from M&P to BF Borgers. Audit Committee approved.

AI Summary

Global Tech Industries Group, Inc. announced on May 3, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, M&P Certified Public Accountants, LLP, and has engaged new auditors, BF Borgers CPA PC. This change was approved by the Audit Committee of the Board of Directors.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which could impact investor confidence.

Risk Assessment

Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial scrutiny or restatements, warranting closer investor attention.

Key Players & Entities

FAQ

When was the decision to change auditors made?

The change in certifying accountant was effective as of May 3, 2024.

Who was Global Tech Industries Group's previous auditor?

The previous independent registered public accounting firm for Global Tech Industries Group, Inc. was M&P Certified Public Accountants, LLP.

Who is the new auditor for Global Tech Industries Group?

The new independent registered public accounting firm engaged by Global Tech Industries Group, Inc. is BF Borgers CPA PC.

Who approved the change in auditors?

The dismissal of M&P Certified Public Accountants, LLP and the engagement of BF Borgers CPA PC were approved by the Audit Committee of the Board of Directors.

Were there any disagreements with the former auditor?

The filing states that there were no disagreements between the Company and M&P Certified Public Accountants, LLP on any matter of accounting principles or practices, or financial statement disclosure.

From the Filing

0001493152-24-018585.txt : 20240510 0001493152-24-018585.hdr.sgml : 20240510 20240510113014 ACCESSION NUMBER: 0001493152-24-018585 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240503 ITEM INFORMATION: Changes in Registrant's Certifying Accountant FILED AS OF DATE: 20240510 DATE AS OF CHANGE: 20240510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL TECH INDUSTRIES GROUP, INC. CENTRAL INDEX KEY: 0000356590 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 830250943 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10210 FILM NUMBER: 24933530 BUSINESS ADDRESS: STREET 1: 511 SIXTH AVENUE, SUITE 800 CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 212-204-7926 MAIL ADDRESS: STREET 1: 511 SIXTH AVENUE, SUITE 800 CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: TREE TOP INDUSTRIES, INC. DATE OF NAME CHANGE: 20050401 FORMER COMPANY: FORMER CONFORMED NAME: GOHEALTH MD INC DATE OF NAME CHANGE: 20000201 FORMER COMPANY: FORMER CONFORMED NAME: NUGGET EXPLORATION INC DATE OF NAME CHANGE: 19920703 8-K 1 form8-k.htm false 0000356590 0000356590 2024-05-03 2024-05-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 3, 2024   Global Tech Industries Group, Inc. (Exact name of registrant as specified in its charter)   Nevada   000-10210   90-1604380 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (IRS Employer Identification No.)   511 Sixth Avenue , Suite 800 New York , NY 10011 (Address of principal executive offices)   (212) - 204-7926 (Registrant’s telephone number, including area code)     (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act (17 CFR 240.13©(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered N/A   N/A   N/A   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 4.01 Changes in Registrant’s Certifying Accountants.   (a) Termination of Independent Registered Public Accounting Firm   On May 3, 2024, the Securities and Exchange Commission (the “Commission”) entered an order instituting settled administrative and cease-and-desist proceedings against BF Borgers CPA PC (“Borgers”) and its sole audit partner, Benjamin F. Borgers

View on Read The Filing