Replies to post #48238 on Tauriga Sciences Inc (fka TAUG)

[loanranger]

Go find the person who told you this....
"PCAOB 5 year rotation rule (that we all remember quite vividly) necessitated that KBL rotate off as independent auditor after 5 year term (which concluded at March 31, 2019 or end of Fiscal Year 2019)"

...and tell them to stick to running the fryer.

The 5 year rotation rule doesn't apply to audit firms, it applies to audit engagement partners.

KBL has 4 people who can act as lead auditors. All TAUG needed to do was sign a different one to the engagement, not dismiss the whole firm.
So there was some other reason for the dismissal of KBL. Go back and tell the guy who gave you that bad information to tell you the truth this time. He sent you back here to tell a falsehood.

I'll be here and I'd really like to know.

[loanranger]

Where'd you go?
"It was just a matter of time until someone on this board popped the big question"
"PCAOB 5 year rotation rule (that we all remember quite vividly) necessitated that KBL rotate off as independent auditor after 5 year term (which concluded at March 31, 2019 or end of Fiscal Year 2019)"

As I explained, your (and your colleague's) understanding of the 5 year rotation rule was wrong.

But the "It was just a matter of time" stuff was amusing, because it was two days before the 8-K was even acknowledged to exist by anyone here. There was dead silence until I brought it up. And the CEO apparently doesn't feel any need to explain. I wonder why.
One thing he absolutely shouldn't do is to try and explain it like this PUBLICLY (even if it is what he whispers to his cronies):
"PCAOB 5 year rotation rule (that we all remember quite vividly) necessitated that KBL rotate off as independent auditor after 5 year term"

Apparently we don't ALL remember it quite vividly at all. Indeed, in spite of the fact that a former auditor's miscue was the only source of cash in years for TAUG other than toxic debt...cash that the Company survives on even now...it seems that you and at least one other loyalist still don't understand the 5 year rotation rule.