AI Technology Group Inc.
The board requested Gillespie & Associates resign as independent auditor on May 7, 2026, and the firm resigned the same day. Prior FY2023 and FY2024 reports carried a going-concern explanatory paragraph but no adverse opinions. Gillespie raised questions about accounting for the December 15, 2025 acquisition of 100% of AVM Nevada from Biomed, including treatment of certain loans, and the engagement ended before management finalized its analysis. Fruci & Associates II was engaged August 31, 2026 to audit FY2025.
- Board requested Gillespie & Associates resign May 7, 2026; resignation tendered same day.
- Prior FY2023 and FY2024 audit reports carried a going-concern explanatory paragraph.
- Gillespie raised questions on accounting for the December 15, 2025 AVM Nevada acquisition, including loans.
- Engagement ended before management completed its accounting analysis; FY2025 audit was never finished.
- Fruci & Associates II engaged August 31, 2026 to audit FY2025.
Price data unavailable.
An auditor resignation tied to unresolved accounting questions on a recent acquisition is a classic restatement/going-concern red flag.
_Not applicable._
Auditor departure amid unresolved accounting questions on a recent acquisition raises restatement and going-concern risk; prior reports already flagged going concern.
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