Scorpio Gold {TSX.V: SGN} the Nevada based gold production and development company has announced a change of auditor, “at the request of the company”.
No reason is given for this.
Comment
This looks a very strange decision by the company, to request that the eiting auditors resign!
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It does look strange, even if there is a totally genuine reason for this, they really ought to state why in my opinion. It could be a simple as cost saving of course, but it would be comforting to know for sure.
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The new auditors are not so well known, and I think this unnecessarily casts a cloud over the company when a simple explanation from the company for the reasoning behind the decision would have dissipated any concerns.
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Scorpio Gold announce that Delloitte has resigned as their auditor.
News – Thursday, September 14, 2017
Scorpio Gold Announces Change of Auditors
Vancouver, September 14, 2017 – Scorpio Gold Corporation {TSX.V: SGN} announces that it has changed its auditors from Deloitte, LLP (the “Former Auditors”) to Davidson & Company, LLP (the “Successor Auditors”) effective August 30, 2017.
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At the request of the Company, the Former Auditors resigned as auditors of the Company effective August 30, 2017 and the board of directors of the Company appointed the Successor Auditor as the Company’s auditor effective August 30, 2017, until the next Annual General Meeting of the Company.
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There were no reservations in the Former Auditor’s reports in connection with the most recently completed fiscal year (2016) or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of the Former Auditor’s resignation. There are no “reportable events” (as that term is defined in National Instrument 51-102 Continuous Disclosure Obligations) between the Company and the Former Auditor.
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In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the audit committee and the board of directors and has been filed on SEDAR.
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