Quest Water Global, Inc. 8-K
Research Summary
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Quest Water Global, Inc. Auditor Resigns; New Auditor Not Yet Engaged
What Happened Quest Water Global, Inc. filed an 8-K on May 7, 2026 reporting that its independent accountant, Fruci & Associates II, PLLC, resigned. The company has not yet engaged a replacement auditor. The board of directors, acting as the audit committee, approved the change.
Key Details
- Fruci’s audit reports for the fiscal years ended December 31, 2024 and 2023 were unqualified except they included a statement that there was substantial doubt about the Company’s ability to continue as a going concern.
- During the fiscal years ended December 31, 2024 and 2023, and through May 5, 2026, the company had no disagreements with Fruci on accounting, disclosure or audit scope issues.
- The company did not report any reportable events, except management and Fruci discussed continued material weaknesses in internal control over financial reporting.
- The company requested a letter from Fruci to the SEC; that letter dated May 6, 2026 was filed as Exhibit 16.1 to the 8-K.
Why It Matters An auditor resignation is a material change that investors should note: the company has not named a successor auditor, and prior audited financials included a going-concern note and disclosed material weaknesses in controls. These items can affect investor confidence and may influence the timing and review of future financial filings; investors should watch for the appointment of a new independent accountant and any updates about remediation of control weaknesses.
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