Auditor Resigns; Court Orders Testimony Amid Concerns Over Delinquent Filings

summarizeSummary

The company's independent auditor, Barton CPA PLLC, resigned, and a Court has ordered the firm to testify regarding the resignation and audit status, highlighting concerns over delinquent filings and audit delays for the company, which is already under receivership.

check_boxKey Events

• Auditor Resignation

  Barton CPA PLLC resigned as the company's independent registered public accounting firm, effective April 15, 2026. Barton did not issue any audit reports during its engagement.

• Court-Ordered Testimony

  A Court has ordered Barton CPA PLLC to appear and provide testimony on May 6, 2026, regarding the status of audits and the circumstances of its resignation. This order stems from the Court's oversight of the Receivership and concerns over the company's delinquent filings with the OTC Market Group.

• No New Auditor Engaged

  As of the filing date, the company has not yet engaged a new independent registered public accounting firm to replace Barton.

• No Disagreements Claimed

  The company stated there were no disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedure, nor any 'reportable events' with Barton CPA PLLC.

auto_awesomeAnalysis

GLOBAL TECH INDUSTRIES GROUP, INC. announced the resignation of its independent registered public accounting firm, Barton CPA PLLC, effective April 15, 2026. While the company stated there were no disagreements or reportable events, a significant red flag is the Court's order for Barton CPA PLLC to appear and provide testimony on May 6, 2026. This testimony is sought to address the status of audits and the circumstances surrounding the resignation, specifically citing the Court's directive for the Receiver to remedy GTII's delinquent filings with the OTC Market Group and shareholder concerns over audit completion time. The company has not yet engaged a new auditor, which further complicates its ability to address existing compliance issues under receivership. This event signals ongoing challenges in financial reporting and corporate governance for a company already in distress.