ITEM 4.01 Changes in Registrant's Certifying Accountant.
(a) Previous independent registered public accounting firm
On February 6, 2020, the Company dismissed KSP Group, Inc. (the "Former
Auditor") as the independent registered public accounting firm of the Company.
The audit reports of the Former Auditor on the Company's financial statements
for the fiscal years ended June 30, 2019 and 2018 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.
During the years ended June 30, 2019 and 2018 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 years ended June 30, 2019 and 2018 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 , is filed to this Form 8-K
as Exhibit 16.1.
(b) New independent registered public accounting firm
On February 6, 2020, (the "Engagement Date"), the Company engaged Raul Carrega,
CPA ("New Auditor") as its independent registered public accounting firm for the
Company's fiscal year ended June 30, 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)), respectively.
ITEM 9.01 Financial Statements and Exhibits.
Exhibit 16.1: Letter from KSP Group, Inc. dated February 10, 2020 to the Securities
and Exchange Commission.
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