Concrete Leveling Systems changes auditor to Stephano Slack LLC

Concrete Leveling Systems Inc. (OTC:CLEV), a micro-cap company with a market capitalization of $18.19 million, announced a change in its independent registered public accounting firm, according to a press release statement based on a filing with the Securities and Exchange Commission. According to InvestingPro data, the company has shown significant stock price volatility, with a remarkable year-to-date return of 96.49%.

On Monday, the company’s board of directors, acting through its audit committee, dismissed Astra Audit & Advisory LLC as the company’s independent auditor. The dismissal was effective the same day. Astra’s reports on Concrete Leveling Systems’ consolidated financial statements for the fiscal years ended July 31, 2024 and 2023 did not contain adverse opinions or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

The company reported that during the fiscal years ended July 31, 2024 and 2023, and the subsequent interim period through the date of Astra’s dismissal, there were no disagreements between Concrete Leveling Systems and Astra on any matters of accounting principles, practices, or financial statement disclosure. There were also no reportable events as defined by SEC regulations during this period.

Also on Monday, Concrete Leveling Systems engaged Stephano Slack LLC as its new independent registered public accounting firm to audit the company’s consolidated financial statements for the fiscal year ending July 31, 2025. The company stated that, prior to this engagement, it had not consulted with Stephano Slack LLC on the application of accounting principles or the type of audit opinion that might be rendered on its financial statements, nor were there any matters that were the subject of a disagreement or a reportable event.

Concrete Leveling Systems has provided Astra with a copy of the SEC filing and requested a letter from Astra addressed to the SEC stating whether it agrees with the company’s statements. As of the filing date, Astra had not provided such a letter. The company indicated it will file an amendment to include Astra’s response upon receipt.

The information in this article is based on a press release statement and the company’s SEC filing.

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