16/08/2024 | Press release | Distributed by Public on 17/08/2024 03:38
Item 4.01 Changes in Registrant's Certifying Accountant.
On August 15 2024, The Company confirmed that Greengrowth CPA's were relieved of their duties as the Company's independent auditors.
The reviews of Greengrowth regarding the Company's financial statements for the three quarters ended September 30, 2023, December 31 2023 and March 31, 2024, were the only quarters that were reviewed by Greengrowth CPAs. Greebgrowth has not audited any fiscal years of the Company. As a result, no audited financial statements were filed with the Securities and Exchange Commission (the "SEC"). Therefore, no statements contained any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except to indicate that there was substantial doubt about the Company's ability to continue as a going concern.
During the three quarters ended September 30, 2023, December 31, 2023 and March 31, 2024 and through the date of this Form 8-K,the Company had no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) with Greengrowth on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Greengrowth would have caused Greengrowth to make reference thereto in connection with any report.
In accordance with Item 304(a)(3) of Regulation S-K, the Company provided Greengrowth with a copy of the disclosures contained in this Form 8-K prior to its filing with the Commission and requested Greengrowth to furnish it with a letter addressed to the SEC stating whether or not Greengrowth agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter, dated August 16, 2024 is filed as Exhibit 16.1 to this current report on Form 8-K.
The board of directors of the Company, acting as the audit committee, approved an appointment of Bush and Associates, CPA as the Company's independent registered public accountant firm for the years ending June 30, 2023 and June 30, 2024, and on August 15, 2024, the Company appointed Bush and Associates CPA ("Bush"), as the Company's independent registered public accountant firm for the year ending June 30, 2023 and 2024, effective immediately.
During the Company's fiscal years ended June 30, 2022, and through August 15, 2024, neither the Company nor anyone on the Company's behalf consulted Bush regarding any of the following:
(i) either the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Bush concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or
(ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K)