Business Context and Reporting Period
This Form 8-K is a current report filed by InnSuites Hospitality Trust (the "Trust") on July 7, 2026, with the earliest event reported on that date. The filing addresses a change in the Trust's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Change in Certifying Accountant: On July 9, 2026, the Audit Committee dismissed BCRG Group ("BCRG") and appointed Simon & Edward LLP ("S&E") as the new independent registered public accounting firm.
- Reason for Change: S&E acquired the attest business of BCRG effective June 15, 2026. Consequently, S&E will now provide the services previously rendered by BCRG.
- Audit History: BCRG's audit reports for the fiscal years ended January 31, 2026, and 2025, contained no adverse opinions or disclaimers. However, the reports included an explanatory paragraph indicating substantial doubt as to the Trust's ability to continue as a going concern.
- Disagreements: The Trust reported no disagreements with BCRG regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the fiscal years ended January 31, 2026 and 2025, or the subsequent interim period.
- Reportable Events: No "reportable events" as defined by Regulation S-K occurred during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the previously disclosed going concern uncertainty. The transition of the audit firm is presented as a result of a business acquisition by the new firm rather than a dispute or financial irregularity.
Investor Verification Checklist
- Verify the status of the "substantial doubt" regarding the Trust's ability to continue as a going concern noted in the 2025 and 2026 audit reports.
- Review the letter from BCRG (Exhibit 16.1) to confirm their agreement with the Trust's statements regarding the lack of disagreements.
- Monitor future filings for the first audit report issued by Simon & Edward LLP to assess any changes in audit opinion or emphasis of matter.
- Check for any subsequent filings that may address the liquidity or solvency issues implied by the prior going concern warning.