Business Context and Reporting Period
This Form 8-K filing by U.S. Gold Corp. (Nevada) was submitted on August 3, 2018, with a report date of August 7, 2018. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Dismissal of Auditor: On August 3, 2018, the Board of Directors and Audit Committee dismissed Marcum LLP as the independent registered public accounting firm.
- Engagement of New Auditor: On August 3, 2018, the company engaged KBL, LLP as its new independent registered public accounting firm.
- Audit History: Marcum LLP's reports for fiscal years ended April 30, 2018, and 2017 contained no adverse opinions, disclaimers, or qualifications. No disagreements or reportable events occurred during the prior two fiscal years or the interim period through August 3, 2018.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future operations. No specific risks or contingencies were disclosed other than the standard procedural disclosures regarding the auditor change. Marcum LLP confirmed in a letter (Exhibit 16.1) that it agrees with the statements made by the company regarding the dismissal.
Investor Verification Checklist
- Verify the reasons for the auditor change, as the filing states no disagreements occurred.
- Confirm the engagement terms and independence of the new auditor, KBL LLP.
- Review the attached letter from Marcum LLP (Exhibit 16.1) for any additional context not summarized in the main text.
- Check subsequent filings for the appointment of a new auditor's report on the next fiscal period.