Alexander Tech Corp Replaces Auditor; Appoints PG Accountants

What Happened
Alexander Tech Corp announced on its Form 8-K (filed Aug 5, 2026) that on February 27, 2026 it dismissed its independent registered public accounting firm, FRUCI & ASSOCIATES II, PLLC, and appointed PG Accountants LLC as its new independent auditor effective immediately. FRUCI submitted a resignation; its audit reports for the two fiscal years ended April 30, 2025 and through February 27, 2026 were unqualified but included an explanatory paragraph about the company’s potential inability to continue as a going concern.

Key Details

• Dismissal and appointment approved by the Board on February 27, 2026; new auditor PG Accountants LLC will audit the fiscal year ending April 30, 2026.
• FRUCI’s reports did not contain adverse opinions or disclaimers and had no qualifications on audit scope or accounting principles, but did include a going-concern explanatory paragraph.
• The company disclosed material weaknesses in internal control over financial reporting (ICFR): lack of segregation of duties, lack of multi-level review, and over-reliance on external reporting consultants — these are reportable events.
• There were no “disagreements” with FRUCI during the covered periods, and Alexander Tech did not consult PG on accounting or auditing matters during the two fiscal years ended April 30, 2025 through Feb 27, 2026.

Why It Matters
A change in auditors is a material corporate governance event. The new auditor will handle the upcoming fiscal-year audit, which investors use to assess the company’s financial health. FRUCI’s going-concern paragraph and the disclosed ICFR weaknesses highlight existing financial and control risks that investors should consider when evaluating Alexander Tech’s future reporting reliability and financing needs.