Paysign Inc (PAYS)

[collinmcb]

How could an auditor change be good? It is at best a non-event and at worst an indication that they are seeing fraud or bad behavior. As an auditor, if you detect problems, your fiduciary duty is to your client, so the protocol is to discontinue the audit engagement. As an auditor you do not tell authorities, you simply walk away when there are problems because your duty is to your client. The best case is that it is a non-event (ie neutral), worst case it is indication of fraud, poor internal control, etc (ie very bad).



Effective April 13, 2017, 3Pea International, Inc. (the “Company”) received notification from Sarna & Company, Certified Public Accountants (“Sarna”) that it would be unable to continue as the Company’s principal independent registered public accounting firm. The board of directors does not have a separate audit committee and approved the resignation of Sarna.