8-K: Collective Audience, Inc. Changes Independent Auditor, Appoints Boladale Lawal & Co.

Collective Audience, Inc. announces the engagement of Boladale Lawal & Co. as its new independent registered public accounting firm, replacing GreenGrowth CPAs, effective April 4, 2025.

Summary

• Collective Audience, Inc. has appointed Boladale Lawal & Co. (BL) as its independent registered public accounting firm, effective April 4, 2025.
• This decision was approved by the Board of Directors and the Audit Committee.
• BL will audit the company's consolidated financial statements for the fiscal year ended December 31, 2024, the interim period review for the fiscal quarter ended September 30, 2024, and the remainder of the year ending December 31, 2025.
• GreenGrowth CPAs (GG) was informed on April 3, 2025, that their services were no longer required, effective immediately.
• During GG's tenure, there were no disagreements on accounting principles or practices, financial statement disclosures, or audit scope or procedures.
• There were also no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
• GG did not provide an audit report to the Company during its service.
• The Company did not consult BL on accounting principles or the type of audit opinion prior to their engagement.
• GG has reviewed the Company's disclosures regarding this change and agrees with the statements made.
• A letter from GG confirming their agreement with the disclosures is included as an exhibit to the report.

Sentiment

Score: 7

Explanation: The announcement is neutral, detailing a change in auditors with no apparent issues. The sentiment is slightly positive due to the smooth transition and agreement from the previous auditor.

Positives

• GreenGrowth CPAs agrees with the statements made by Collective Audience, Inc. regarding the change in auditors, indicating a smooth transition.
• There were no disagreements or reportable events during GreenGrowth CPAs' service, suggesting sound accounting practices.

Industry Context

Changes in auditors are a routine part of corporate governance, but can sometimes signal underlying issues. In this case, the transition appears amicable and routine.

Stakeholder Impact

• Shareholders may be interested in the change of auditors, but the smooth transition suggests minimal impact.
• Employees in the finance department will work with the new auditing firm.

Next Steps

• GreenGrowth CPAs will provide a letter to the SEC confirming their agreement with the company's statements.
• Boladale Lawal & Co. will begin auditing the company's financial statements.

Key Dates

Keywords

auditor, accounting firm, Boladale Lawal & Co., GreenGrowth CPAs, independent auditor, financial statements, audit, Collective Audience