Going-concern language in both the fiscal 2024 and fiscal 2025 audit reports frames the auditor change DarkPulse, Inc. (DPLS) disclosed September 11. The Phoenix, Arizona company dismissed Boladale Lawal & Co. that day and on the same date engaged M&K CPAS, PLLC to take over independent audit work for fiscal year 2026 and ongoing quarterly reviews.
BLC had served DarkPulse since 2024 and issued reports for the fiscal years ended December 31, 2024 and December 31, 2025. Neither report carried an adverse opinion, and neither was qualified on accounting principles or audit scope. Each carried an explanatory paragraph expressing substantial doubt about DarkPulse's ability to continue as a going concern.
The dismissal and the new engagement were ratified by DarkPulse's board of directors on September 14, three days after the effective transition date. CEO and Chairman Dennis O'Leary accepted M&K's engagement letter on September 13.
| Event | Date |
|---|---|
| BLC dismissed; M&K engaged | Sept. 11, 2026 |
| O'Leary accepts M&K engagement letter | Sept. 13, 2026 |
| Board ratifies both actions | Sept. 14, 2026 |
| 8-K signed by O'Leary | Sept. 17, 2026 |
M&K CPAS, PLLC is registered with the Public Company Accounting Oversight Board. Under the engagement, M&K will audit DarkPulse's consolidated financial statements for the year ending December 31, 2026 for inclusion in the company's Annual Report on Form 10-K, and will review unaudited quarterly financial information for the three- and nine-month periods ended September 30, 2026 and subsequent quarterly periods specified in the engagement letter. Neither DarkPulse nor anyone acting on its behalf consulted M&K on any accounting, auditing, or financial reporting matter prior to September 11.
DarkPulse reported no disagreements with BLC during the firm's two-year tenure on accounting principles, financial statement disclosure, or audit scope, and no reportable events under Regulation S-K were cited for the period through September 11. Per Item 304(a)(3) of Regulation S-K, DarkPulse provided BLC with a copy of the 8-K disclosures no later than the filing date and requested a letter confirming BLC's agreement. As of September 17, BLC had not submitted that letter to the SEC. DarkPulse said it will file the response as Exhibit 16.1 by amendment once received.