Eco Science Solutions replaces independent auditor
Eco Science Solutions, Inc. changed its independent auditor.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Eco Science Solutions, Inc. changed its independent auditor. On August 10, 2026, the board, following the audit committee’s recommendation, dismissed Fruci & Associates II, PLLC as independent registered public accounting firm and, effective the same date, engaged Dylan Floyd Accounting & Consulting (PCAOB ID: 6235) to review the quarters ended July 31, 2026 and October 31, 2026 and to audit the fiscal year ending January 31, 2027.
Fruci’s reports on the fiscal years ended January 31, 2026 and January 31, 2025 contained no adverse or disclaimed opinions and were not qualified, other than an explanatory paragraph expressing substantial doubt about Eco Science Solutions’ ability to continue as a going concern. The company states there were no disagreements with Fruci on accounting, disclosure, or audit scope, but management had identified material weaknesses in internal control over financial reporting, previously disclosed in the latest annual report.
Positive
- None.
Negative
- Prior audit reports included an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern.
- Management has identified material weaknesses in internal control over financial reporting, as referenced from the most recent annual report.
8-K Event Classification
2 items: 4.01, 9.01
2 items
Item 4.01
Changes in Registrant's Certifying Accountant
Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Auditor dismissal date: August 10, 2026
New auditor PCAOB ID: 6235
Fiscal year end: January 31, 2026
+3 more
6 metrics
Auditor dismissal date
August 10, 2026
Date the board approved dismissal of Fruci & Associates II, PLLC
New auditor PCAOB ID
6235
PCAOB ID of Dylan Floyd Accounting & Consulting
Fiscal year end
January 31, 2026
One of the fiscal years previously audited by Fruci with going-concern explanatory paragraph
Prior fiscal year end
January 31, 2025
Earlier fiscal year covered by Fruci’s reports with going-concern explanatory paragraph
Next audit fiscal year end
January 31, 2027
Fiscal year for which Dylan Floyd will audit the consolidated financial statements
Exhibit
16.1
Letter from Fruci & Associates II, PLLC to the SEC dated August 13, 2026
Key Terms
independent registered public accounting firm, going concern, material weaknesses in internal control over financial reporting, reportable events, +1 more
5 terms
independent registered public accounting firm financial
"approved the dismissal of Fruci & Associates II, PLLC 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.
going concern financial
"an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
material weaknesses in internal control over financial reporting financial
"management identified material weaknesses in the Company’s internal control over financial reporting"
A material weakness in internal control over financial reporting is a significant flaw in a company’s processes that increases the likelihood its financial statements could be wrong or misleading. Think of it as a broken checkpoint in an airport security line: if it fails, errors or fraud can pass through undetected. Investors care because these weaknesses raise the risk that reported earnings, assets, or liabilities are inaccurate, which can affect valuation, trust, and investment decisions.
reportable events regulatory
"there were no “reportable events” within the meaning of 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.
disagreements financial
"there were no disagreements with Fruci on any matter of accounting principles or practices"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What auditor change did Eco Science Solutions (ESSI) disclose?
Eco Science Solutions dismissed Fruci & Associates II, PLLC and engaged Dylan Floyd Accounting & Consulting as its independent registered public accounting firm, effective August 10, 2026, based on the audit committee’s recommendation.
Did Fruci’s reports on ESSI’s financial statements contain adverse opinions?
Fruci’s reports contained no adverse or disclaimed opinions and were not qualified, other than an explanatory paragraph expressing substantial doubt about Eco Science Solutions’ ability to continue as a going concern for the 2025 and 2026 fiscal years.
Were there any disagreements between ESSI and Fruci before the auditor change?
The company states there were no disagreements with Fruci on accounting principles, financial statement disclosure, or audit scope during the fiscal years ended January 31, 2026 and 2025 and through August 10, 2026.
What concerns about ESSI’s ability to continue as a going concern were disclosed?
Fruci’s prior audit reports included an explanatory paragraph expressing substantial doubt about Eco Science Solutions’ ability to continue as a going concern, covering the fiscal years ended January 31, 2026 and January 31, 2025.
What internal control issues has Eco Science Solutions (ESSI) reported?
Management has identified material weaknesses in internal control over financial reporting, referenced in the company’s Form 10-K for the fiscal year ended January 31, 2026, and noted again in this auditor change disclosure.
What work will Dylan Floyd perform for Eco Science Solutions (ESSI)?
Dylan Floyd Accounting & Consulting will review ESSI’s unaudited interim financial statements for the quarters ended July 31, 2026 and October 31, 2026 and audit the fiscal year ending January 31, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
