Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 527

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 9
Chunk 527
---
On May 3, 2024, the Securities
and Exchange Commission (the “Commission”) entered an order instituting settled administrative and cease-and-desist proceedings
against BF Borgers and its sole audit partner, Benjamin F. Borgers CPA, permanently barring Mr. Borgers and BF Borgers from appearing
or practicing before the Commission as an accountant (the “Order”). As a result of the Order, BF Borgers may no longer serve
as the independent registered public accounting firm for the Company, nor can BF Borgers issue any audit reports included in Commission
filings or provide consents with respect to audit reports. In light of the Order, on May 6, 2024, the Board of Directors of the Company
terminated the engagement of BF Borgers as its independent registered accounting firm.

BF Borgers’s reports on
the Company’s financial statements for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a
disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles.

There have been no “disagreements”
(as that term is defined in Item 304(a)(1)(iv) of Regulation S-K) and no “reportable event” occurred (as that term is defined
in Item 304(a)(1)(v) of Regulation S-K) during the fiscal years ended December 31, 2023 and 2022 and the subsequent interim period up
to and including May 6, 2024, the date of BF Borgers’s dismissal, between the Company and BF Borgers on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to the satisfaction of
BF Borgers, would have caused them to make reference to the subject matter of the disagreement in connection with their report on the
Company’s financial statements for those periods.

In the May 3, 2024 “Staff
Statement on the Issuer Disclosure and Reporting Obligations in Light of Rule 102(e) Order Against BF Borgers CPA PC” (the “Staff
Statement”), the Commission advised registrants that they may indicate in their Commission filing that BF Borgers is not currently
permitted to appear or practice before the Commission for reasons described in the Order, in lieu of including a letter from BF Borgers
stating whether it agrees with our disclosures under Item 304 of Regulation S-K. In light of the Order