BioCrude Technologies USA, Inc. 8-K

What Happened

• BioCrude Technologies USA, Inc. filed an Form 8-K reporting a change in its certifying accountant. On January 5, 2026, the company and MAC Accounting Group & CPAs, LLP mutually agreed not to renew their engagement (MAC had been hired January 27, 2023). The Board approved the change and on February 3, 2026 the company engaged Bodwell Vasek Wells DeSimone LLP (BVWD) as its new independent public accountant. The company filed a letter from MAC Accounting as Exhibit 16.1 dated February 2, 2026.

Key Details

• MAC Accounting’s reports covered periods from December 31, 2022 through September 30, 2025 and contained no adverse opinion or disclaimer; the reports included an explanatory paragraph noting substantial doubt about the company’s ability to continue as a going concern.
• The decision to change accountants was Board-approved; the company reports no disagreements with MAC on accounting, disclosure, or audit scope during the engagement and authorized MAC to respond to the successor auditor’s inquiries.
• MAC’s engagement ended January 5, 2026; BVWD was engaged as successor auditor on February 3, 2026.
• The company did not consult BVWD during the covered periods (Dec 31, 2022–Sep 30, 2025) on accounting or audit opinion matters.

Why It Matters

• A change of independent accountant is a material corporate governance event that can affect how future financial statements are audited and presented. The filing states there were no disagreements with the former auditor and that prior audit reports included a going-concern explanatory paragraph—facts investors should consider when evaluating the company’s near-term financial disclosures.
• Investors should watch upcoming filings for BVWD’s audit work and any updates to the company’s financial statements or auditor opinions.