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FRMO Corp. Announces Change in Issuer’s Independent Certifying Accounting Firm
FRMO Corp. Announces Change in Issuer’s Independent Certifying Accounting Firm.
About this update from Frmo Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n FRMO Corp. Announces Change in Issuer’s Independent Certifying Accounting Firm\r\n \r\n \r\n\r\n\r\nFRMO Corp. Announces Change in Issuer’s Independent Certifying Accounting Firm\r\n\r\n\r\n\r\n\r\n\r\n WHITE PLAINS, N.Y.--(BUSINESS WIRE)--\r\nFRMO Corp. (the “Company” or “FRMO”) (OTC Pink: FRMO) today announced a change in its independent certifying accountant.\r\n\r\n \r\nEffective November 5, 2025, FRMO has terminated its relationship with Baker Tilly US, LLP (“Baker Tilly”), the Company’s independent certifying accountant and auditor, and has engaged CBIZ CPAs P.C. (“CBIZ”), a PCAOB-registered firm, as its new independent certifying accountant and auditor to audit FRMO’s financial statements for the fiscal year ending May 31, 2026.\r\n\r\n \r\nThe decision to change auditors was approved by FRMO’s Board of Directors and Audit Committee and was not the result of any disagreement between FRMO and Baker Tilly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.\r\n\r\n \r\nDuring the fiscal years ended May 31, 2025 and 2024, Baker Tilly’s report on FRMO’s financial statements did not contain an adverse opinion or disclaimer of opinion, and was not modified as to uncertainty, audit scope, or accounting principles; and there were no disagreements with Baker Tilly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of Baker Tilly, would have caused Baker Tilly to make reference to the subject matter of the disagreement in connection with its reports on FRMO’s consolidated financial statements for such years.\r\n\r\n \r\nDuring the Company’s two most recent years ended May 31, 2025 and 2024, and during the subsequent interim period through November 5, 2025, neither the Company nor anyone on its behalf consulted with CBIZ regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, and neither a written report nor oral advice was provided to the Company that CBIZ concluded was...