Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1467

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 7
Chunk 1467
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,” as defined by Rule 229.10(f)(1).

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

The
information required by this Item is included in this Report as set forth in the “Index to Consolidated Financial Statements”
which appears on page F-1 of this Annual Report, after the signature pages of this Annual Report, and is incorporated by reference herein.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On
May 3, 2024, the US Securities and Exchange Commission (“Commission”) entered an Order denying BF Borgers CPA PC (“Borgers”)
the privilege of appearing or practicing before the Commission as an accountant. As a result, Borgers may not participate in or perform
the audit or review of financial information included in Commission filings, issue audit reports included in Commission filings, provide
consents with respect to audit reports, or otherwise appear or practice before the Commission. As a result of the foregoing, on May 6,
2024, the Board of Directors terminated Borgers as the Company’s independent registered public accounting firm. Borgers had audited
the Company’s financial statements for the two fiscal years ended October 31, 2022 and 2021 since the Company’s engagement
of Borgers as its auditor on December 13, 2022.

Borger’s
report on the Company’s financial statements for the fiscal years ended October 31, 2023 and 2022 did not contain an adverse opinion
or disclaimer of opinion, nor was such report qualified or modified as to uncertainty, audit scope or accounting principle, except for
an explanatory paragraph relating to a substantial doubt regarding the Company’s ability to continue as a going concern. During
the fiscal years ended October 31, 2023, and 2022 and through May 6, 2024, there were no disagreements with BF Borgers on any matter
of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to Borgers’s
satisfaction, would have caused Borgers to make reference to the subject matter of the disagreement in connection with its report.

During
the fiscal years ended October 31, 2023, and 2022 and through May 6, 2024, there were no “reportable events” as defined under
Item 304(a)(1)(v) of Regulation S-K.