NorfolkIP
1 day ago
Big whoop.
On July 20, 2024, Clean Vision Corporation (the βCompanyβ) received a written notification from its independent registered public accounting firm, Fruci & Associates II, PLLC (βFruciβ), advising the Company that, through no fault of the Company and solely due to Fruciβs failure to follow sufficient audit procedures, the financial statements (the β2023 Financialsβ) and audit opinion (the β2023 Fruci Opinionβ) issued by Fruci in connection with the Companyβs Annual Report on Form 10-K for the year ended December 31, 2023 (the β2023 Annual Reportβ) can no longer be relied upon and that Fruci was withdrawing the 2023 Fruci Opinion.
During conversations between Fruci and certain members of the Companyβs management and board of directors where these matters were discussed, Fruci took full responsibility and advised the Company that the failure to sufficiently comply with audit procedures concerning the 2023 Financials and 2023 Fruci Opinion resulted solely from Fruciβs failure to complete sufficient audit procedures and not from any act or omission of the Company.
Fruci also advised the Company that it (i) is in the process of completing the omitted audit procedures and (ii) fully agrees with the disclosure contained in this Current Report on Form 8-K as set forth in its letter to the Company dated July 25, 2024, a copy of which is filed as Exhibit 99.1 herewith.
Upon Fruciβs successful completion of the omitted audit procedures, the Company intends to file an amendment to its 2023 Annual Report to include a new audit opinion from Fruci.