8-K/A: Crown Equity Holdings Changes Auditors Amid Going Concern Warning

Crown Equity Holdings Inc. has appointed L J Soldinger Associates, LLC as its new independent registered public accounting firm, replacing Bush & Associates CPA LLC, whose prior report included a going concern explanatory paragraph.

Summary

• Crown Equity Holdings Inc. dismissed Bush & Associates CPA LLC as its independent registered accounting firm on December 18, 2025.
• L J Soldinger Associates, LLC was engaged as the new independent registered public accounting firm on December 18, 2025, for the fiscal year ending December 31, 2025.
• The decision to change auditors was approved by the Company's Board of Directors.
• Bush & Associates CPA LLC's report on the Company's financial statements for the fiscal year ended December 31, 2024, contained an explanatory paragraph regarding the Company's ability to continue as a going concern.
• There were no disagreements with Bush & Associates CPA LLC on accounting principles, financial statement disclosure, or auditing scope/procedure during the fiscal year ended December 31, 2024, and through December 18, 2025.
• No reportable events, as defined in Item 304 of Regulation S-K, occurred during the fiscal year ended December 31, 2024, and through December 18, 2025.
• The Company did not consult with L J Soldinger Associates, LLC on any Item 304(a)(2) matters prior to their engagement.
• Bush & Associates CPA LLC confirmed their agreement with the Company's statements in the Form 8-K/A in a letter dated January 26, 2026.

Sentiment

Score: 3

Explanation: The sentiment is negative primarily due to the disclosure of a 'going concern' explanatory paragraph in the previous auditor's report. While the auditor change itself was smooth, the underlying financial uncertainty is a significant concern.

Positives

• The transition to a new independent registered public accounting firm occurred without any reported disagreements on accounting principles, financial statement disclosure, or auditing scope/procedure with the outgoing firm.
• The outgoing auditor, Bush & Associates CPA LLC, confirmed agreement with the Company's statements regarding their dismissal, indicating a smooth procedural change.

Negatives

• The previous auditor's report for the fiscal year ended December 31, 2024, included an explanatory paragraph concerning the Company's ability to continue as a going concern, which is a significant red flag for financial stability.

Risks

• The primary risk is the Company's ability to continue as a going concern, as highlighted by the explanatory paragraph in the previous auditor's report for the fiscal year ended December 31, 2024.

Future Outlook

The filing does not provide forward-looking statements regarding the company's operational or financial performance, focusing solely on the change in its independent registered public accounting firm.

Management Comments

• Mike Zaman, CEO and President, signed the report on behalf of Crown Equity Holdings, Inc.

Industry Context

Changes in independent auditors are a routine corporate governance event in the public company landscape. However, the context of a 'going concern' qualification from the previous auditor often signals underlying financial distress or operational challenges, which can differentiate it from a standard auditor rotation driven by cost, service, or strategic alignment.

Corporate Governance

Stakeholder Impact

• Shareholders: The 'going concern' warning from the previous auditor raises significant concerns about the Company's long-term viability and the value of their investment. The change in auditors, while a standard governance practice, does not alleviate this fundamental financial risk.

Key Dates

Recommendation

While the change in auditors itself is a procedural event, the disclosure that the previous auditor issued a 'going concern' explanatory paragraph for the fiscal year ended December 31, 2024, is a critical red flag. This indicates substantial doubt about the company's ability to continue operations. Without further financial details or a clear plan to address the going concern issue, a 'hold' recommendation is appropriate, advising investors to exercise extreme caution and await more comprehensive financial disclosures before making further investment decisions. A 'sell' might be premature without full financial statements, but the risk is high.

Keywords

Auditor Change, Going Concern, SEC Filing, Corporate Governance, Financial Reporting, Crown Equity Holdings, 8-K/A