Change in Certifying Accountants Form 8 K

Item 4.01.Changes in Registrant's Certifying Accountant.

On October 31, 2023, iWallet Corporation (the "Company," "we," "our") retained Victor Mokuolu, CPA PLLC ("VMCPA"), as our new independent registered public accounting firm. The appointment of VMCPA was approved by the Board of Directors of the Company. As a result of our engagement of VMCPA on October 31, 2023, we dismissed Pinnacle Accountancy Group of Utah, a DBA of Heaton & Co., PLLC ("Pinnacle") as our independent registered public accounting firm.

During the two most recent fiscal years prior to such date (December 31, 2022 and 2021), and through the date of dismissal, there were no disagreements with Pinnacle on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Pinnacle, would have caused Pinnacle to make reference to the subject matter of the disagreement in its report. There have been no reportable events as provided in Item 304(a)(1)(v) of Regulation S-K up to and including the dismissal of Pinnacle, except that such reports contained an explanatory paragraph in respect to uncertainty as to the Company's ability to continue as a going concern.

Pinnacle's report on the consolidated financial statements of the Company as, at, and for the fiscal years ended December 31, 2022 and 2021, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that such reports contained an explanatory paragraph in respect to uncertainty as to the Company's ability to continue as a going concern and identified certain material weakness in our internal controls over financial reporting. There were and are no limitations placed on Pinnacle concerning the inquiry of any matter related to the Company's financial reporting.

On July 1, 2024, the Company provided Pinnacle with a copy of the foregoing disclosure and requested that it furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made therein. A copy of the letter from Pinnacle dated July 3, 2024, is attached hereto as Exhibit 16.1 to this Form 8-K.

During the Company's two fiscal years ending December 31, 2022 and 2021, and the subsequent interim period preceding our engagement of VMCPA, we have not previously consulted with VMCPA with respect to either (a) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and no written or oral advice was given to the Company by VMCPA that VMCPA concluded was an important factor considered by the Company in reaching its decision as to the accounting, auditing, or financial reporting issue; or (b) any matter that was either the subject of a disagreement, as that term is described in Item 304(a)(1)(iv) of Regulation S-K and the related instruction to Item 304 of Regulation S-K, or a reportable event as that term is described in Item 304(a)(1)(v) of Regulation S-K.