AmeriTrust Announces Change of Auditor

AmeriTrust replaces its auditor with RSM Canada LLP, citing no audit concerns.

What the company is saying

AmeriTrust Financial Technologies Inc. (TSXV:AMT, OTCQB:AMTFF, FSE:1ZV) formally announces that HDCPA Professional Corporation has resigned as auditor at the company's request, effective October 28, 2026. The board appointed RSM Canada LLP as the new auditor on the same date, following a recommendation from the audit committee and board approval. The company emphasizes that there were no reservations, modified opinions, or reportable events in the outgoing auditor's reports for the past two financial years. Jeff Morgan, CEO, publicly thanks HDCPA for its professionalism and signals confidence in RSM Canada LLP's capabilities, linking the change to AmeriTrust's U.S. market expansion and future growth. The announcement highlights RSM's global scale, citing 56,000 professionals in 120 countries and more than 500 offices, and notes RSM US LLP's ranking as the fifth-largest accounting firm in the United States. The company stresses compliance, stating that all required documentation will be filed on SEDAR+.

What the data suggests

The change of auditor is effective immediately as of October 28, 2026, with all procedural steps—resignation, appointment, audit committee recommendation, and board approval—completed and documented. There were no audit reservations, modified opinions, or reportable events in the last two years of financial statements, indicating a clean transition. RSM Canada LLP, as part of RSM International, brings a large global network with approximately 56,000 professionals, presence in 120 countries, and more than 500 offices. RSM US LLP's status as the fifth-largest accounting firm in the U.S. suggests significant resources and expertise. No financial results, operational metrics, or forward-looking financial guidance are provided. The announcement is strictly procedural and regulatory, with no evidence of underlying financial or operational issues prompting the change.

Analysis

The announcement is a routine disclosure of a change of auditor, with all regulatory steps and documentation described in detail. The only forward-looking language is a brief statement from the CEO expressing anticipation of future growth and collaboration with the new auditor, which is standard in such releases and not materially promotional. The bulk of the content is factual, including effective dates, board approvals, and confirmation of no reservations or reportable events in prior audits. There is no discussion of financial results, operational performance, or capital programs, and no claims of imminent or long-term benefits tied to the auditor change. The background on RSM's global scale is descriptive and not presented as a direct benefit to AmeriTrust. Overall, the narrative is proportionate to the evidence and regulatory context.

Risk flags

• ●A change of auditor can raise questions about continuity and institutional knowledge, but the company reports no reservations or reportable events in prior audits, reducing immediate concern.
• ●The new auditor, RSM Canada LLP, is part of a large global network, but the practical impact on AmeriTrust's audit quality or cost structure is not quantified, leaving future benefits unproven.
• ●The announcement is procedural and does not disclose any operational or financial drivers for the change, so investors cannot assess whether the transition was purely strategic or if there were underlying issues not reported.

Bottom line

AmeriTrust's switch from HDCPA Professional Corporation to RSM Canada LLP as auditor is a routine governance update, with all regulatory steps followed and no audit concerns disclosed. The company frames the move as supporting U.S. market growth, but provides no evidence that the new auditor will deliver measurable improvements. RSM's global scale and U.S. ranking are relevant for context but do not guarantee better outcomes for AmeriTrust. Investors should interpret this as a standard procedural change, not a signal of financial or operational shift. The most important takeaway is that the company reports a clean audit history and regulatory compliance, with no red flags in the transition.

Announcement summary

(TSXV:AMT) (OTCQB:AMTFF) (FSE:1ZV) AmeriTrust Financial Technologies Inc. announced that HDCPA Professional Corporation has resigned as auditor of the Company, effective October 28, 2026, at the Company's request. The board of directors has appointed RSM Canada LLP as the new auditor of the Company, effective the same date, to hold office until the next annual meeting of shareholders. The change of auditor was recommended by the Company's audit committee and approved by the Board. There were no reservations, modified opinions, or reportable events in the Predecessor Auditor's reports on the Company's financial statements for the period commencing at the beginning of the Company's two most recently completed financial years and ending on the date of resignation. In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the Predecessor Auditor and the Successor Auditor, have been reviewed by the Company's audit committee and Board and will be filed on SEDAR+. Jeff Morgan, Chief Executive Officer of AmeriTrust, thanked HDCPA Professional Corporation for its professionalism and support during its tenure as auditor. He stated that as AmeriTrust continues to grow and expand its presence in the U.S. market, the Company looks forward to working with RSM Canada LLP and benefiting from its capabilities and experience. RSM Canada LLP is the Canadian member firm of RSM International, a global network of independent assurance, tax and consulting firms with approximately 56,000 professionals across 120 countries and more than 500 offices worldwide. RSM's American affiliate, RSM US LLP, is the fifth-largest accounting firm in the United States according to Accounting Today's 2026 ranking. RSM focuses on serving middle-market businesses, providing professional expertise and tailored solutions to support financial reporting, tax compliance, risk management and business growth. RSM's Canadian and U.S. operations provide a strong North American platform, combining local market knowledge with extensive professional resources and international reach.

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