CETY Swaps Auditor Amid Going Concern and Delisting Crisis, Raising Governance Red Flags
CETY sits 99% above its 52-week low of $0.463 on elevated volume (2.8× avg).
Summary
Amid ongoing delisting proceedings, financial restatements, and a going concern warning, Clean Energy Technologies dismissed auditor TAAD LLP and engaged Green Growth CPAs on July 16, 2026. The auditor change adds uncertainty to an already distressed situation.
Key Events · Corporate Governance and Compliance · CETY
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Auditor Dismissed
On July 13, 2026, the company dismissed TAAD LLP as its independent registered public accounting firm. While TAAD's reports for fiscal years 2024 and 2025 included a going concern explanatory paragraph, they contained no adverse opinion or disclaimer.
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New Auditor Engaged
Green Growth CPAs was engaged as the new independent auditor on July 16, 2026. The company had not previously consulted with Green Growth CPAs on any accounting or auditing matters.
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No Disagreements Reported
Aside from the going concern uncertainty, the company states there were no disagreements or reportable events with TAAD LLP during the relevant periods.
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Distress Context
This auditor change occurs while the company faces multiple Nasdaq delisting notices for late filings, has restated financials for nearly four years due to material errors, and operates under a going concern warning.
Analysis · CETY · Energy & Transportation
Clean Energy Technologies has dismissed auditor TAAD LLP and brought in Green Growth CPAs, a move that lands squarely in the middle of a severe financial crisis. Already under multiple Nasdaq delisting notices for late filings, the company has restated nearly four years of financials due to material errors and carries a going concern warning. Auditor changes during such distress often signal deeper accounting disputes or difficulty retaining a reputable firm, even though the filing states no disagreements. The new firm, Green Growth CPAs, is a lesser-known practice, which may raise concerns about audit quality and the company's ability to regain compliance. This is a critical governance red flag that compounds existing risks.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 34.9% of the 1159 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CETY was trading at $0.92 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $12.5M. The 52-week trading range was $0.46 to $5.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.