Item 4.01 Change in Registrant's Certifying Accountant
On December 9, 2021, the Board of Directors of Liaoning Shuiyun Qinghe Rice
Industry Co., Ltd., a Delaware corporation ("we" or "us"), dismissed Friedman
LLP ("Friedman") from its position as our independent registered public
accountant, effective immediately. Except as noted in the paragraph immediately
below, the reports of Friedman on the Company's financial statements for the
years ended April 30, 2021 and 2020 did not contain an adverse opinion or
disclaimer of opinion, and such reports were not qualified or modified as to
uncertainty, audit scope, or accounting principle.
The reports of Friedman on the Company's financial statements as of and for the
years ended April 30, 2021 and 2020 contained explanatory paragraphs which noted
that there was substantial doubt as to the Company's ability to continue as a
going concern due to the Company's lack of revenues and insufficient cash and
working capital for its planned activities, which raised doubt about its ability
to continue as a going concern.
During the years ended April 30, 2021 and 2020, the Company has not had any
disagreements with Friedman on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure, which
disagreements, if not resolved to Friedman's satisfaction, would have caused
them to make reference thereto in their reports on the Company's consolidated
financial statements for such periods.
During the years ended April 30, 2021 and 2020, there were no reportable events,
as defined in Item 304(a)(1)(v) of Regulation S-K.
We have requested that Friedman furnish us with a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of this
letter is included herewith as Exhibit 16.1.
Concurrently therewith, we retained the firm of Paris, Kreit & Chiu CPA LLP
("PKC"), to audit our financial statements for our fiscal year ending April 30,
2022.
During the fiscal years ended April 30, 2021 and 2020, and through the date of
this Form 8-K, neither the Company nor anyone acting on its behalf consulted PKC
regarding (1) 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 PKC did not provide
either a written report or oral advice to the Company that was an important
factor considered by the Company in reaching a decision as to any accounting,
auditing, or financial reporting issue, (2) any matter that was either the
subject of a disagreement with Friedman on accounting principles or practices,
financial statement disclosure or auditing scope or procedures, which, if not
resolved to the satisfaction of Friedman, would have caused Friedman to make
reference to the matter in their report, or a "reportable event" as described in
Item 304(a)(1)(v) of Regulation S-K of the SEC's rules and regulations.
Item 9.01. Financial Statements and Exhibits.
(c). Exhibits.
Number Exhibit
16.1 Consent of Friedman LLP
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