8-K - SEAFARER EXPLORATION CORP (0001106213) (Filer)

Wed, Aug 14, 5:30 PM (153 days ago)

Seafarer Exploration Corp. reported a change in its independent registered public accountant in a Form 8-K filed on August 13, 2024. The company dismissed Accell Audit and Compliance, P.A. on August 9, 2024, as Accell ceased providing PCAOB audit services. The audit principals of Accell have transitioned to Astra Audit and Advisory, LLP, which has been appointed as the new auditor for the fiscal year ending December 31, 2024. Accell's audit reports for the fiscal years ended December 31, 2023, did not contain adverse opinions or disclaimers, although there was an explanatory paragraph regarding the company's ability to continue as a going concern. No disagreements or reportable events occurred between Seafarer and Accell during the audit period. The transition to Astra is part of a continuity plan following Accell's restructuring. This change may impact investor perceptions and the company's financial reporting, particularly given the prior mention of going concern uncertainties. The new auditor's approach and findings will be closely monitored by stakeholders.