8-K: Clean Energy Technologies Changes Accountants

Clean Energy Technologies, Inc. has dismissed its previous independent registered public accounting firm, TAAD LLP, and engaged Green Growth CPAs as its new auditor.

Summary

• Clean Energy Technologies, Inc. (the Company) has dismissed TAAD LLP as its independent registered public accounting firm, effective July 13, 2026.
• The dismissal was approved by the Company's Audit Committee.
• TAAD LLP's reports for the fiscal years ended December 31, 2025, and 2024, contained an explanatory paragraph noting substantial doubt about the Company's ability to continue as a going concern.
• There were no disagreements with TAAD LLP on accounting principles, financial statement disclosure, or auditing procedures.
• The Company engaged Green Growth CPAs as its new independent registered public accounting firm on July 16, 2026.
• The Company has not consulted with Green Growth CPAs regarding accounting principles, audit opinions, or any disagreements or reportable events in the past two fiscal years or the interim period.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing negatively due to the explicit mention of substantial doubt regarding the company's ability to continue as a going concern by its former auditor.

Negatives

• The previous auditor's reports for fiscal years 2025 and 2024 included an explanatory paragraph highlighting substantial doubt about the Company's ability to continue as a going concern.

Risks

• Substantial doubt exists regarding Clean Energy Technologies, Inc.'s ability to continue as a going concern, as noted in the previous auditor's reports for fiscal years 2025 and 2024.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that changes in independent auditors, especially when accompanied by going concern disclosures from the previous auditor, can signal financial distress or significant operational challenges for a company. This is a critical event that investors will closely monitor for further clarification on the company's financial health and future prospects.

Corporate Governance

Stakeholder Impact

• Shareholders: May face increased uncertainty regarding the company's financial stability and future performance due to the going concern disclosure.
• Creditors: May review the company's financial health more closely given the going concern note.
• Management: Will need to address the going concern issue and demonstrate a path to financial stability to stakeholders.

Next Steps

• The Company will work with its new independent registered public accounting firm, Green Growth CPAs, for future audits.
• Investors will likely await further financial disclosures and management commentary to assess the implications of the going concern note and the auditor change.

Key Dates

Recommendation

The filing indicates a significant concern regarding the company's ability to continue as a going concern, as highlighted by the former auditor. While a change in auditor is procedural, the underlying financial uncertainty necessitates a cautious 'hold' stance until further clarity on the company's financial health and operational strategy is provided.

Keywords

Form 8-K, Certifying Accountant, Independent Registered Public Accounting Firm, TAAD LLP, Green Growth CPAs, Audit Committee, Going Concern, Clean Energy Technologies