Item 4.01 Changes in Registrant's Certifying Accountant
On February 4, 2020 KSP Group, Inc. was dismissed as the Company's independent
registered public accounting firm.
The audit report of the Former Auditor on the Company's financial statements for
the fiscal year ended June 30, 2019 did not contain an adverse opinion or
disclaimer of opinion, and such report was not qualified or modified as to
uncertainty, audit scope, or accounting principle.
From January 7, 2019 (the Former Auditor's engagement) to the year ended June
30, 2019 and through the date of this Current Report on Form 8-K, the Company
has not had any disagreements with the Former Auditor on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure, which disagreements, if not resolved to the Former Auditor's
satisfaction, would have caused them to make reference thereto in their reports
on the Company's financial statements for such years.
During the year ended June 30, 2019 and through the date of this Current Report
on Form 8-K, there were no reportable events, as defined in Item 304(a) (1)(v)
of Regulation S-K.
The Company has requested that our Former Auditor furnish us with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements. A copy of this letter is attached hereto to this
amendment to the Form 8-K as Exhibit 16.1.
New independent registered public accounting firm
On February 4th, 2020 (the "Engagement Date"), the Company engaged BF Borgers
CPA PC ("New Auditor") as its independent registered public accounting firm for
the Company's fiscal year ended July 31, 2020. The decision to engage the new
auditor as the Company's independent registered public accounting firm was
approved by the Company's Board of Directors.
During the two most recent fiscal years and through the Engagement Date, the
Company has not consulted with the New Auditor regarding either:
1. application of accounting principles to any 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 was provided to
the Company nor oral advice was provided that the New Auditor concluded was an
important factor considered by the Company in reaching a decision as to the
accounting, auditing or financial reporting issue; or
2. any matter that was either the subject of a disagreement (as defined in
Regulation S-K, Item 304(a) (1)(iv) and the related instructions) or reportable
event (as defined in Regulation S-K, Item 304(a)(1)(v)).
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description of Exhibit Location
16.1 Letter from KSP Filed herewith.
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