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Golkor appoints LAO Professionals; no disagreements with prior auditor

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Golkor Inc. changed its independent auditor. On July 14, 2025, the company dismissed Olayinka Oyebola & Co. and appointed LAO Professionals, effective the same day.

Olayinka’s audit reports for the fiscal years ended November 30, 2024 and 2023 contained no adverse or qualified opinions, but did include an explanatory paragraph about the company’s ability to continue as a going concern. The Board of Directors approved the change, and the company reports there were no disagreements with Olayinka on accounting principles, disclosures, or audit procedures during the referenced periods.

Golkor noted that Olayinka is not currently permitted to appear or practice before the SEC (Release No. 103689 / August 12, 2025), so no Item 304 letter was required. The company also states it did not consult with LAO on accounting or audit issues prior to the appointment.

Positive

  • None.

Negative

  • None.

Insights

Auditor change with no disagreements; going concern remains noted.

Golkor replaced its auditor on July 14, 2025, moving from Olayinka Oyebola & Co. to LAO Professionals. The outgoing firm’s opinions for fiscal 2024 and 2023 were clean but included a going concern explanatory paragraph, signaling liquidity or continuity risks previously disclosed.

The company discloses no disagreements with Olayinka and no prior consultations with LAO, which generally points to an administrative transition. The filing cites the SEC release stating Olayinka is not currently permitted to appear or practice before the Commission.

Key items to watch are future filings for whether the going concern language persists under LAO and any changes in audit scope or remediation steps discussed by management.

Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 14, 2025

 

Golkor Inc.

(Exact name of registrant as specified in its charter)

 

Nevada 000-56352 87-2737873
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)

 

323 Sunny Isles Blvd, Suite 745, Sunny Isles, Florida 33160

(Address of principal executive offices) (Zip Code)

 

786 590-5203

(Registrant's telephone number, including area code)

 

_________________________________________________

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
N/A N/A N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

   
 

 

Item 4.01. Changes in Registrant’s Certifying Accountant.

 

(a) Dismissal of Independent Registered Public Accounting Firm

 

On July 14, 2025, Golkor Inc. (the “Company”) notified Olayinka Oyebola & Co. (“Olayinka”) of its dismissal, effective July 14, 2025, as the Company’s independent registered public accounting firm.

 

The reports of Olayinka on the financial statements of the Company for the fiscal years ended November 30, 2024 and 2023 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, other than an explanatory paragraph relating to the Company’s ability to continue as a going concern. The decision to change the independent registered public accounting firm was approved by the Board of Directors of the Company (the “Board”).

 

During the Company’s two most recent fiscal years ended November 30, 2024 and 2023, and through July 14, 2025, there were no disagreements between the Company and Olayinka on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Olayinka, would have caused Olayinka to make reference to the subject matter of the disagreements in connection with its audit reports on the Company’s financial statements.

 

The Company provided Olayinka with a copy of this current report on Form 8-K in accordance with Item 304(a) of Regulation S-K prior to its filing with the Securities and Exchange Commission, however, as Olayinka is not currently permitted to appear or practice before the Commission (Securities Exchange Act of 1934 Release No. 103689 / August 12, 2025 ) the Company is not required to provide a letter from Olayainka stating whether it agrees with the Item 304 disclosures.

 

(b) New Independent Registered Public Accounting Firm

 

On July 14, 2025, the Company appointed LAO Professionals (“LAO”) as the Company’s independent registered public accounting firm effective as of July 14, 2025.

 

During the Company’s two most recent fiscal years ended November 30, 2024 and 2023, and through July 14, 2025, neither the Company nor anyone on behalf of the Company consulted with LAO regarding (a) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements as to which the Company received a written report or oral advice that was an important factor in reaching a decision on any accounting, auditing or financial reporting issue; or (b) any matter that was the subject of a disagreement or a reportable event as defined in Item 304(a)(1)(iv) and (v), respectively, of Regulation S-K.

 

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Golkor Inc.
   
   
Date: October 17, 2025 By: /s/ Gregory Klok
    Gregory Klok, Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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FAQ

What did GKOR disclose about its auditor change?

Golkor dismissed Olayinka Oyebola & Co. and appointed LAO Professionals, both effective July 14, 2025, with Board approval.

Did Olayinka issue adverse or qualified opinions on GKOR’s 2024 or 2023 reports?

No. The reports contained no adverse or qualified opinions, but included a going concern explanatory paragraph.

Were there any disagreements between GKOR and Olayinka?

The company states there were no disagreements on accounting principles, disclosures, or audit procedures during the referenced periods.

Why isn’t there an Item 304 letter from Olayinka?

Golkor cites that Olayinka is not currently permitted to appear or practice before the SEC (Release No. 103689 / August 12, 2025), so no letter was required.

Did GKOR consult with LAO Professionals before the appointment?

The company states it did not consult with LAO on accounting principles, audit opinions, or reportable events before engagement.

What does the going concern paragraph mean for GKOR?

It highlights uncertainty about the company’s ability to continue as a going concern, as disclosed in the 2024 and 2023 audit reports.