FLYWHEEL ADVANCED TECHNOLOGY, INC. 8-K

What Happened
Flywheel Advanced Technology, Inc. announced it dismissed its independent registered public accounting firm, BCRG Group, effective April 1, 2026. The Board recommended and approved the change. BCRG’s audit reports for the fiscal years ended September 30, 2025 and September 30, 2024 were not adverse, disclaimed, qualified, or modified. The company also noted that it previously disclosed material weaknesses in its internal control over financial reporting in its Form 10-K filed January 13, 2026.

Key Details

• Dismissal effective date: April 1, 2026; decision recommended and approved by the Board.
• BCRG’s audit reports for FYs ended Sept 30, 2025 and Sept 30, 2024 were unqualified (no adverse opinion or disclaimer).
• No disagreements with BCRG on accounting, disclosure, or audit scope during FY 2024, FY 2025, and through March 31, 2026.
• The company previously disclosed material weaknesses in its 10-K (filed Jan 13, 2026) related to: no independent board or audit committee; lack of written internal control policies/procedures; and centralized financial reporting handled by a financial consultant.
• The company provided BCRG a copy of this 8-K and requested BCRG furnish the customary response letter to the SEC.

Why It Matters
A change of independent auditor is a governance event investors watch because it can affect confidence in financial reporting and oversight. Although BCRG did not qualify its prior audit reports or record disagreements, the company’s disclosed material weaknesses (including lack of an independent board/audit committee and undocumented controls) are significant control deficiencies that could affect the reliability of future financial statements. Investors should monitor subsequent filings for (1) the identity of the new auditor, (2) any auditor comments or qualifications, and (3) remediation steps and timelines to address the disclosed internal control weaknesses.