Auditor change at Quantum Cyber (NASDAQ: QUCY) after going concern note
Rhea-AI Filing Summary
Quantum Cyber N.V. reported that its Audit Committee dismissed Reliant CPA as independent registered public accounting firm on June 22, 2026, and appointed Haskell & White LLP as the new auditor for the year ending December 31, 2026.
Reliant’s audit reports for the years ended December 31, 2025 and 2024 included a going concern paragraph, stating that significant operating losses raised substantial doubt about the company’s ability to continue as a going concern. The company states there were no disagreements or reportable events with Reliant, and it has not previously consulted Haskell & White on accounting or auditing matters described in the filing.
Positive
- None.
Negative
- Going concern uncertainty highlighted: Prior audit reports for 2024 and 2025 include a going concern paragraph stating that significant operating losses raise substantial doubt about Quantum Cyber N.V.’s ability to continue as a going concern.
Insights
Auditor change occurs against a backdrop of going concern uncertainty.
Quantum Cyber N.V. replaced Reliant CPA with Haskell & White LLP as its independent auditor effective June 22, 2026. The company reports no disagreements or reportable events with the outgoing firm, which frames this as a governance decision rather than a dispute-driven change.
Reliant’s reports for the years ended December 31, 2025 and 2024 included a going concern paragraph citing significant operating losses that raise substantial doubt about the company’s ability to continue as a going concern. That language signals elevated financial risk until the underlying losses are addressed.
The engagement of Haskell & White for the 2026 audit means their first full-year report will be important for understanding how they assess the same going concern issues. Subsequent annual and interim reports will show whether the going concern emphasis persists or changes based on the company’s performance.
8-K Event Classification
Key Figures
Key Terms
going concern financial
independent registered public accounting firm financial
Audit Committee financial
reportable events regulatory
emerging growth company regulatory
FAQ
What auditor change did Quantum Cyber (QUCY) announce?
Did Reliant’s audit reports for Quantum Cyber (QUCY) include a going concern warning?
Were there any disagreements between Quantum Cyber (QUCY) and Reliant CPA?
Has Quantum Cyber (QUCY) previously consulted Haskell & White on accounting matters?
What exhibit accompanies Quantum Cyber’s (QUCY) auditor change disclosure?
AI-generated analysis. How Rhea-AI works. Not financial advice.