12/12/2024 | Press release | Distributed by Public on 12/12/2024 09:56
Item 4.01Change in Registrant's Certifying Accountant.
On November 14, 2024, the Board of Directors of Warpspeed Taxi Inc. (the "Company") approved the engagement of LAO Professional Services as the Company's independent registered public accounting firm for the fiscal year ended July 31, 2025, effective immediately, and dismissed Olayinka Oyebola & Co ("OOC") as the Company's independent registered public accounting firm.
Until LAO Professional Services was engaged on November 14, 2024, OOC was the Company's auditor and had audited the Company's financial statements for the fiscal year ended July 31, 2024
The reason for the dismissal of OOC and the engagement of LAO Professional Services is due to the charges brought by the SEC against OOC for allegedly aiding and abetting securities fraud..
OOC's report on the financial statements of the Company for the year ended July 31, 2024 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, other than an explanatory paragraph regarding the Company's ability to continue as a going concern.
During the course of OOC's engagement there were no disagreements with OOC on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedures which, if not resolved to the satisfaction of OOC, would have caused OOC to make reference to the matter in its audit opinion. There were no reportable events (as that term is described in Item 304(a)(1)(v) of Regulation S-K) during the period OOC was engaged as the Company's auditor.
The Company provided a copy of the foregoing disclosures to OOC and requested that OOC furnish it with a letter addressed to the Securities and Exchange Commission stating whether OOC agrees with the above statements. A copy of OOC's letter, dated November 21, 2024, is filed as Exhibit 16.1 to this Form 8-K.