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Network CN Inc. (OTC:NWCN) announced a change in its independent auditor, according to a press release statement filed with the Securities and Exchange Commission. On July 1, GreenGrowth CPAs was dismissed as the company’s independent auditor, effective immediately. GreenGrowth CPAs had been engaged since October 26, 2023, but had not issued an audit report for the company’s financial statements for the fiscal year 2024.
The company disclosed that during the most recent fiscal year ended December 31, 2024, and through July 1, 2025, there were disagreements with GreenGrowth CPAs regarding the sufficiency of audit documentation support. There were no other disagreements on accounting principles, financial statement disclosure, or auditing scope or procedures that would have resulted in a reference in the auditor’s report. The company also stated there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
Network CN’s management discussed the disagreement with GreenGrowth CPAs, but the issue was not resolved to the auditor’s satisfaction prior to dismissal. The company has authorized GreenGrowth CPAs to respond fully to inquiries from its successor auditor regarding the matter. Network CN has provided GreenGrowth CPAs with a copy of the disclosure and requested a letter addressed to the SEC stating whether the auditor agrees with the statements made.
On July 18, the company’s board of directors approved the appointment of Aloba, Awomolo & Partners as the new independent auditor, effective immediately. Network CN stated that, during the two most recent fiscal years and through the appointment, neither the company nor anyone acting on its behalf consulted Aloba, Awomolo & Partners regarding the application of accounting principles, auditing matters, or any disagreements or reportable events.
The information in this article is based solely on a press release statement filed with the SEC.
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