AI Technology Group switches auditors after former accountant questions accounting for AVM Nevada deal

Bitget2026/10/02 15:14

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AI Technology Group removed Michael Gillespie & Associates as auditor on May 7, 2026; the firm resigned the same day.
Preliminary audit work for the year ended Dec. 31, 2025 raised questions on accounting for a Dec. 15, 2025 AVM Nevada acquisition.
Focus included the accounting treatment of certain AVM Nevada loans; the auditor did not complete the 2025 audit.
Engagement ended before management finalized its accounting analysis or provided supporting documentation on the transaction.
Fruci & Associates II was engaged Aug. 31, 2026 to audit the 2025 financial statements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AI Technology Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-005980), on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AI Technology Group switches auditors after former accountant questions accounting for AVM Nevada deal

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