Auditor Resigns Citing "Audit-Evidence and Reliability Concerns," Leaving 2025 Audit Incomplete
WAST has more than doubled off its 52-week low of $0.011.
Summary
Waste Energy Corp.'s auditor resigned, citing "audit-evidence and reliability concerns" and leaving the 2025 audit incomplete, raising serious questions about the company's financial transparency.
Key Events · Corporate Governance and Compliance · WAST
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Auditor Resignation
Integrität Audit, Accounting & Advisory, LLC resigned as the independent registered public accounting firm on May 19, 2026.
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Incomplete 2025 Audit
The resigning auditor did not complete the audit for the fiscal year ended December 31, 2025, and will not issue a report.
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Audit-Evidence and Reliability Concerns Cited
The auditor's resignation letter (Exhibit 16.1) explicitly cited "audit-evidence and reliability concerns the Firm has been unable to remediate under current engagement conditions" and outstanding fees.
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New Auditor Appointed
M&K CPAs, PLLC was approved as the new independent registered public accounting firm on May 21, 2026, subject to customary procedures.
Analysis · WAST · Trade & Services
The resignation of Integrität Audit, Accounting & Advisory, LLC, coupled with their explicit mention of "audit-evidence and reliability concerns" and the failure to complete the 2025 audit, raises significant questions about Waste Energy Corp.'s financial reporting and internal controls. While a new auditor has been appointed, the reasons for the previous auditor's departure are a major red flag for investors, especially for a micro-cap company where financial transparency is critical.
At the time of this filing, WAST was trading at $0.04 on OTC in the Trade & Services sector, with a market capitalization of approximately $5.5M. The 52-week trading range was $0.01 to $0.09. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.