Stark Focus Group switches auditors to CBIZ
Stark Focus Group, Inc. changed auditors while highlighting prior going concern language and existing material weaknesses in internal controls.
Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
Stark Focus Group, Inc. (SKFG) reported that on September 10, 2026 its board discharged Boladale Lawal & Co. as independent registered public accounting firm and engaged CBIZ CPAs P.C. instead, citing a desire to work with a firm closer to its new New York City operating headquarters.
The prior auditor’s reports for the two most recent fiscal years contained explanatory paragraphs expressing substantial doubt about the Company’s ability to continue as a going concern but no adverse or qualified opinions. The Company also notes previously reported material weaknesses in internal control over financial reporting, including inadequate segregation of duties, insufficient written policies and procedures, and a lack of formal review and approval for related party transactions. The Company states there were no disagreements or other reportable events with either the prior or new auditor beyond these disclosed weaknesses.
Positive
- None.
Negative
- Prior audit reports included explanatory paragraphs noting substantial doubt about the Company’s ability to continue as a going concern.
- The Company reports a material weakness in internal control related to segregation of duties, insufficient written policies and procedures, and a lack of formal review and approval for related party transactions.
