Flywheel Advanced Technology Changes Auditor Amidst Material Weaknesses in Internal Controls

summarizeSummary

Flywheel Advanced Technology, Inc. changed its auditor, BCRG Group, to WSJ And Partners, highlighting ongoing material weaknesses in internal controls related to governance and financial reporting processes.

check_boxKey Events

• Auditor Dismissal

  Flywheel Advanced Technology, Inc. dismissed BCRG Group as its independent registered public accounting firm, effective April 1, 2026.

• New Auditor Engagement

  The company immediately engaged WSJ And Partners as its new independent registered public accounting firm, beginning with the review of financial statements for the quarter ending March 31, 2026.

• Material Weaknesses Highlighted

  The dismissal occurred while the company acknowledged previously disclosed material weaknesses in internal controls, including the lack of an independent board/audit committee, undocumented policies, and reliance on a single financial consultant.

• No Disagreements Reported

  The company stated there were no disagreements with BCRG on accounting principles or practices, though reportable events related to internal control weaknesses were present.

auto_awesomeAnalysis

Flywheel Advanced Technology, Inc. dismissed its independent registered public accounting firm, BCRG Group, and engaged WSJ And Partners. While the company reported no disagreements with BCRG, the change occurred in the context of previously disclosed material weaknesses in internal controls. These weaknesses include the absence of an independent board or audit committee, lack of documented internal control policies, and reliance on a single financial consultant for all reporting. This auditor change, coupled with severe governance deficiencies, raises significant concerns about the reliability of financial reporting and overall corporate oversight for this micro-cap shell company.