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Dream Homes & Development Corp. (OTC:DREM) announced the dismissal of its independent registered public accounting firm, Olayinka Oyebola & Co. (O&O), effective August 13, 2025. According to a statement released in a regulatory filing, the company’s board of directors approved the decision after learning that O&O was not currently permitted to appear or practice before the Securities and Exchange Commission.
O&O’s reports on Dream Homes & Development’s financial statements for the year ended December 31, 2024, did not include an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except for an explanatory paragraph about the company’s ability to continue as a going concern. The company disclosed that, during the fiscal year ended December 31, 2024, and through August 18, 2025, there were no disagreements with O&O regarding accounting principles, financial statement disclosure, or auditing procedures, and no reportable events as defined by SEC regulations.
On August 18, 2025, the company engaged LAO Professionals as its new independent registered public accounting firm. The board of directors approved the engagement. Dream Homes & Development stated that, during the two most recent fiscal years and the interim period through August 18, 2025, neither the company nor anyone acting on its behalf consulted with LAO Professionals regarding the application of accounting principles to any specific transaction, the type of audit opinion that might be rendered, or any matter that was the subject of a disagreement or reportable event.
The information in this article is based on a statement issued in a regulatory filing with the Securities and Exchange Commission.
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