Auditor ChangeApr 7, 2026, 04:31 PM
Flywheel Advanced Technology Dismisses Auditor BCRG Group Effective April 1, 2026; Material Weaknesses in Internal Controls Noted in FY2025
AI Summary
FLYWHEEL ADVANCED TECHNOLOGY, INC. (FWFW) announced the dismissal of BCRG Group as its independent registered public accounting firm, effective April 1, 2026. The decision was made with the recommendation and approval of the Company’s board of directors. While BCRG's audit reports for the fiscal years ended September 30, 2025, and September 30, 2024, contained no adverse opinions or qualifications, the Company had previously identified material weaknesses in its internal control over financial reporting for FY2025. This change, despite the absence of disagreements with the former auditor, highlights ongoing scrutiny of the company's financial reporting infrastructure.
Key Highlights
- FLYWHEEL ADVANCED TECHNOLOGY, INC. (FWFW) dismissed BCRG Group as its independent registered public accounting firm, effective April 1, 2026.
- The decision to change auditors was made with the recommendation and approval of the Company’s board of directors.
- BCRG's audit reports for the fiscal years ended September 30, 2025, and September 30, 2024, did not contain an adverse opinion, a disclaimer of opinion, or any qualifications regarding audit scope or accounting principles.
- No disagreements, as defined in Item 304(a)(1)(iv) of Regulation S-K, were reported between the Company and BCRG during the fiscal years ended September 30, 2025, and September 30, 2024, and the subsequent interim period through March 31, 2026.
- The Company previously identified material weaknesses in its internal control over financial reporting as of and for the year ended September 30, 2025, as disclosed in its Annual Report on Form 10-K filed on January 13, 2026.
Price Impact
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