Mag Magna Corp 8-K

What Happened Mag Magna Corp (MGNC) announced in an 8-K filed Dec 29, 2025 that Mac Accounting Group & CPAs, LLP resigned as the company's independent registered public accounting firm effective November 14, 2025. Mac Accounting Group had served as Mag Magna’s auditor for the fiscal years ended April 30, 2025 and 2024 and for the interim period ended July 31, 2025. The company identified Boladale Lawal & Co. as the successor auditors and authorized Mac Accounting Group to respond fully to inquiries from the successor firm.

Key Details

• Resignation effective date: November 14, 2025.
• Prior auditor tenure: served for fiscal years ended April 30, 2025 and 2024, and interim period ended July 31, 2025; reviewed the quarter ended July 31, 2025.
• Disagreements/reportable events: the filing states there were no disagreements with Mac Accounting Group on accounting principles, disclosure, or audit scope and no “reportable events.”
• Exhibit: letter from Mac Accounting Group to the SEC dated December 15, 2025 is filed with the 8-K.

Why It Matters A change of independent auditor is material because it affects who reviews and attests to the company’s financial statements. For investors, the filing’s confirmation of no disagreements and no reportable events is a reassuring sign of continuity in accounting treatment; however, investors should watch for future filings from the successor auditor (Boladale Lawal & Co.) for any audit scope, findings, or modifications.