Cannonau Corporation

07/18/2024 | Press release | Distributed by Public on 07/18/2024 09:07

Change in Certifying Accountants Form 8 K

Item 4.01. Change in Registrant's Certifying Accountant

On April 30, 2024, the Board of Directors of Cannonau Corp., a Nevada corporation (the "Company"), approved the engagement of Boladale Lawal & Co. ("Lawal") as the Company's independent registered public accounting firm for the Company's fiscal year ended December 31, 2021, effective immediately, and accepted the resignation of Victor Mokuolu, CPA, PLLV ("Mokuolu") as the Company's independent registered public accounting firm. The Company assumed incorrectly that it filed the Form 8-K at that time.

During the quarter ended June 30, 2022 , September 30, 2022, the year ended December 31, 2022, the quarter ended March 31, 2023, June 30, 2023 , September 30, 2023 and the subsequent interim periods through December 31, 2023, there were (i) no disagreements (as described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Mokuolu on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Mokuolu's satisfaction, would have caused Boyle to make reference thereto in their reports on the financial statements for such years, and (ii) no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation SK.

The Company provided Mokuolu a copy of the disclosures it is making in this Current Report on Form 8-K and requested that Mokuolu furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. A copy of Mokuolu's letter dated July 17, 2024, is filed as Exhibit 16.1 hereto.

During the years ended December 31, 2022, and the subsequent interim period through December 31, 2023, neither the Company nor anyone acting on its behalf has consulted with Mokuolu regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements or the effectiveness of internal control over financial reporting, and neither a written report or oral advice was provided to the Company that Mokuolu concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.