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Tuesday, July 02, 2024 11:51:01 AM
the SEC issued an order to BF Borgers and its owner citing the deliberate and systemic failures to comply with public company accounting oversight board("PCAOB") standards in its audits and reviews, which were incorporated in more than 1,500 SEC filings from January 2021 through June 2023 and affected at least 75 percent of BF Borgers' 369 clients.
So the audits done prior in 2023 are probably not valid, which raises further doubt about the company's numbers. As well as judgement in leveraging an auditor with this level of problems.
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