Cyber Apps World : Non-Reliance on Previously Issued Financial Report - Form 8-K

Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

In a Form 10-K/A filed with the Securities and Exchange Commission (the "SEC") on December 15, 2023, CYAP disclosed that it had recently learned that, despite representations and statements to the contrary, Ahmed & Associates, P.C., the accounting firm that the Company had initially retained as its independent registered accounting firm with respect to the audit of its financial statements for the year ended July 31, 2023, was not registered with the Public Company Accounting Oversight Board (the "PCAOB"), as required by the rules and regulations adopted by the SEC. Subsequent to that date, the PCAOB revoked the registration of Jack Shama, CPA, the accounting firm that had audited the Company's financial statements for the year ended July 31, 2022.

Accordingly, the Company will file a further amendment to its Annual Report on Form 10-K for the year ended July 31, 2023 (the "2023Form 10-K") to include financial statements for the years ended July 31, 2023 and July 31, 2022, which have been audited by WWC, P.C., a PCAOB registered accounting firm. As a result of such audits and reaudits, the Company determined that its previously issued financial statements for the years ended July 31, 2023 and July 31, 2022 are inaccurate.

On April 15, 2024, the board of directors of the Company, after discussion with WWC, P.C., the Company's independent auditor, determined that the Company's (i) unaudited financial statements as of and for the year ended July 31, 2023 and audited financial statements as of and for the year ended July 2022, as previously included in the 2023 Form 10-K filed with the SEC on October 25, 2023, and (ii) unaudited financial statements included in its Quarterly Reports on Form 10-Q for the quarters ended October 31, 2022, January 31, 2023, April 30, 2023, October 31, 2023 and January 31, 2024 should no longer be relied upon due to the reason stated above.

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