Cytta Corp. (CYCA) dismisses Sadler and appoints RBSM LLP as new auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Cytta Corp. changed its independent auditor. The board dismissed Sadler, Gibb and Associates, LLC on May 28, 2026 and appointed RBSM LLP as the new independent registered public accounting firm for the fiscal year ending September 30, 2025.
Sadler previously reviewed the company’s quarterly financial statements for periods ending December 31, 2024, March 31, 2025, and June 30, 2025, and there were no reportable events as defined in Regulation S-K. Sadler had not completed audit procedures or issued any report on the September 30, 2025 financial statements. Cytta states it has not consulted RBSM on accounting principles, potential audit opinions, disagreements, or reportable events prior to this appointment.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 4.01 — Changes in Registrant's Certifying Accountant
1 item
Item 4.01
Changes in Registrant's Certifying Accountant
Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Key Figures
Auditor dismissal date: May 28, 2026
New auditor fiscal year: Year ending September 30, 2025
Interim review period end: December 31, 2024
+2 more
5 metrics
Auditor dismissal date
May 28, 2026
Board dismissed Sadler, Gibb and Associates, LLC
New auditor fiscal year
Year ending September 30, 2025
First year for RBSM LLP engagement
Interim review period end
December 31, 2024
Quarterly financial statements reviewed by Sadler
Interim review period end
March 31, 2025
Quarterly financial statements reviewed by Sadler
Interim review period end
June 30, 2025
Quarterly financial statements reviewed by Sadler
Key Terms
independent registered public accounting firm, reportable events, disagreement, Emerging growth company, +1 more
5 terms
independent registered public accounting firm financial
"dismissed Sadler, Gibb and Associates, LLC as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
reportable events regulatory
"there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K)"
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
disagreement regulatory
"any matter that was the subject of a disagreement (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K)"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Regulation S-K regulatory
"as defined in Item 304(a)(1)(v) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
FAQ
What change did Cytta Corp. (CYCA) make to its independent auditor?
Cytta Corp. dismissed Sadler, Gibb and Associates, LLC and appointed RBSM LLP as its new independent registered public accounting firm for the fiscal year ending September 30, 2025. This change was approved by the board of directors on May 28, 2026.
Were there any reportable events with Cytta Corp.’s former auditor Sadler?
Cytta Corp. states there were no reportable events with Sadler as defined in Item 304(a)(1)(v) of Regulation S-K. Sadler’s engagement covered quarterly reviews for periods ending December 31, 2024, March 31, 2025, and June 30, 2025, but not a completed 2025 audit.
Did Sadler complete Cytta Corp.’s audit for the year ended September 30, 2025?
Sadler did not complete audit procedures or issue any report on Cytta Corp.’s financial statements for the year ended September 30, 2025. Its work was limited to reviews of specified interim quarterly financial statements before the auditor change.
Has Cytta Corp. consulted RBSM LLP before appointing it as auditor?
Cytta Corp. reports it has not consulted RBSM LLP on applying accounting principles, potential audit opinions, disagreements, or reportable events before RBSM’s appointment. This applies to the company’s two most recent fiscal years and interim periods through June 30, 2025.
For which periods did Sadler review Cytta Corp.’s financial statements?
Sadler reviewed Cytta Corp.’s quarterly financial statements for the periods ending December 31, 2024, March 31, 2025, and June 30, 2025. These engagements were reviews of interim financials, not a completed annual audit for the fiscal year ending September 30, 2025.