Allied Energy Changes Auditor; Prior Firm Noted Going Concern Doubts

summarizeSummary

Allied Energy, Inc. has changed its independent auditor, dismissing Victor Mokuolu, CPA PLLC, and appointing J&S Associate PLT, with the prior auditor having noted substantial doubt about the company's ability to continue as a going concern.

check_boxKey Events

• Auditor Dismissal

  Allied Energy, Inc. dismissed Victor Mokuolu, CPA PLLC as its independent registered public accounting firm on March 3, 2026.

• New Auditor Engaged

  The company engaged J&S Associate PLT as its new independent registered public accounting firm for the fiscal year ending December 31, 2025.

• No Disagreements Reported

  The company stated there were no disagreements with the former auditor on accounting principles or practices, and the former auditor confirmed agreement with these statements.

• Prior Going Concern Warning

  The former auditor's reports for fiscal years 2023 and 2024 contained an explanatory paragraph noting substantial doubt about the company's ability to continue as a going concern.

auto_awesomeAnalysis

Allied Energy, Inc. has dismissed its independent registered public accounting firm, Victor Mokuolu, CPA PLLC, and engaged J&S Associate PLT. While the company stated there were no disagreements on accounting principles or practices, the previous auditor's reports for 2023 and 2024 included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern. This change, even without reported disagreements, warrants investor attention given the prior financial health warnings. Investors should monitor the upcoming financial statements audited by the new firm for any changes in reporting or continued going concern disclosures.