TAAT did change auditors not long ago. The reason for the anticipated delay is due to the change of the Company’s auditor in advance of the October 31, 2022 year-end which has resulted in enhanced quality controls, additional audit procedures and added complexities of auditing certain transactions during the financial year. The auditors have requested more time for partner and consultant review as part of those enhanced measures. The Company is working with its auditor (BF Borgers CPA PC, Certified Public Accountants) to complete the audit in a timely manner.
And here is what the web sais........ Auditing Warning Signs
Don't forget to cast your eyes on the third-party auditor's report, usually published at the front of a company's quarterly and annual reports. If the report makes a mention of discrepancies in the company's accounting practices—such as how it books revenue or accounts for costs, or questions the firm's ability to continue "as a going concern"—regard that as a red flag.
What's more, notification of a change in auditors mustn't be taken lightly. Auditors tend to jump ship at the first sign of corporate distress or impropriety. Auditor replacement can also mean a deteriorating relationship between the auditor and the client company or perhaps more fundamental difficulties, such as strong disagreement over the reliability of the company's accounting or the auditor's unwillingness to report a "clean bill of health." Recent academic studies find that there are more auditor resignations when litigation risk increases and a company's financial health is deteriorating—so watch out for them.