AuditorAug 7, 2026, 05:13 PM
Olenox Changes Auditor from RBSM LLP to Urish Popeck & Co, LLC
AI Summary
Olenox Industries Inc. announced a change in its independent registered public accounting firm. The Audit Committee dismissed RBSM LLP and appointed Urish Popeck & Co, LLC for the fiscal year ending December 31, 2026, following a competitive review process. While RBSM's reports contained no adverse opinions, they did include an explanatory paragraph about the company's going concern ability and previously disclosed material weaknesses in internal controls.
Key Highlights
- Olenox Industries dismissed RBSM LLP as its independent registered public accounting firm.
- Urish Popeck & Co, LLC was appointed as the new independent registered public accounting firm for fiscal year 2026.
- Urish Popeck & Co, LLC was formally engaged on August 5, 2026.
- RBSM's reports for FY2025 included an explanatory paragraph regarding the Company's ability to continue as a going concern.
- No disagreements between Olenox and RBSM on accounting principles, disclosures, or audit scope were reported.
- Material weaknesses in internal controls related to timely closing of accounting records and application of technical accounting guidance were identified.
- These material weaknesses were previously disclosed in the Company's FY2025 10-K report.
- Olenox did not consult with Urish Popeck & Co, LLC on accounting or auditing matters prior to their appointment.
Price Impact
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