4/5Netcapital Inc. (NCPL): Auditor change

Verified excerpt

"On October 8, 2026, the Audit Committee of the Board of Directors of the Company approved the engagement of Adeptus Partners, LLC ("Adeptus") as the Company's independent registered public accounting firm, succeeding Fruci & Associates II, PLLC ("Fruci"), whose resignation effective August 12, 2026 was previously reported in the Company's Current Report on Form 8-K filed on August 18, 2026 (the "August 8-K")."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: resigned
Disagreements reported: no

Why this score: auditor resigned