PILLARSTONE CAPITAL REIT
Pillarstone Capital REIT filed an 8-K reporting a change in certifying accountant. PKF (Pannell Kerr Forster of Texas) ceased as auditor effective July 31, 2025 because its personnel joined Withum Smith+Brown, PC. PKF had only completed the 2022 fiscal year audit (finished July 2025) and did not audit 2023, 2024, or 2025. On August 23, 2025, the Audit Committee engaged M&K CPAS, PLLC for the 2023 and 2024 fiscal years. No disagreements or reportable events with PKF were reported.
- PKF's 2022 audit report included a going-concern paragraph citing litigation, bankruptcy, and sale of real estate assets.
- PKF did not complete audits for fiscal years 2023, 2024, or 2025.
- M&K CPAS, PLLC was engaged August 23, 2025 for the 2023 and 2024 fiscal years.
- No disagreements or reportable events with PKF during the two most recent fiscal years.
- The 2022 audit identified management's impairment assessment as a critical audit matter.
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A going-concern flag and multi-year audit backlog make this auditor change a signal of ongoing financial-reporting distress.
_Not applicable._
The 2022 audit report raised substantial doubt about the registrant's ability to continue as a going concern. The registrant remains delinquent in filing annual and quarterly reports.