Business Context and Reporting Period
This Form 8-K Current Report was filed by Trio Petroleum Corp. on May 8, 2024, with the earliest event reported on the same date. The company is a Delaware corporation headquartered in Bakersfield, California, and is classified as an emerging growth company.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing discloses a material change in the company's independent registered public accounting firm:
- Dismissal: BF Borgers CPA PC was dismissed effective May 6, 2024.
- Appointment: Bush & Associates CPA LLC was retained as the new independent registered public accounting firm effective May 8, 2024.
- Approval: The appointment was approved by the Company's audit committee and board of directors.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. Regarding risks and contingencies, the company confirmed that during the two most recent fiscal years and the interim period through May 8, 2024, there were no consultations with the new auditor (Bush & Associates) regarding accounting principles, audit opinions, or matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.
Investor Verification Checklist
- Verify the reasons for the dismissal of the previous auditor, BF Borgers CPA PC, by reviewing the prior 8-K filed on May 7, 2024.
- Confirm the qualifications and independence of the newly appointed firm, Bush & Associates CPA LLC.
- Monitor upcoming filings for the first audit opinion or review report issued by the new accounting firm.