Item 4.01 Change in Registrant's Certifying Accountant
On January 29, 2021, Morison Cogen LLP ("Former Auditor") resigned as the
independent registered accountant of Clancy Corp. (the "Company"). On that same
date, the Company engaged RH, CPA ("New Auditor") as its independent registered
public accountant which was approved by the Company's Board of Directors.
Pursuant to applicable rules, the Company makes the following additional
disclosures:
(a)The Former Auditor's report on the consolidated financial statements of the
Company as at and for the fiscal year ended July 31, 2020 did not contain any
adverse opinion or disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles, except that such reports
contained an explanatory paragraph in respect to uncertainty as to the Company's
ability to continue as a going concern
(b) During fiscal year ended July 31, 2020 and through January 29, 2021, there
were no disagreements with the Former Auditor on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which if not resolved to the Former Auditor's satisfaction would have
caused it to make reference thereto in connection with the Former Auditor's
reports on the financial statements for such years. During fiscal year ended
July 31, 2020 and through January 29, 2021, there were no events of the type
described in Item 304(a)(1)(v) of Regulation S-K.
(c) During fiscal year ended July 31, 2020 and through January 29, 2021, the
Company did not consult with the New Auditor with respect to any matter
whatsoever including without limitation with respect to any of (i) the
application of accounting principles to a specified transaction, either
completed or proposed; (ii) the type of audit opinion that might be rendered on
the Company's financial statements; or (iii) any matter that was either the
subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K)
or an event of the type described in Item 304(a)(1)(v) of Regulation S-K.
On February 3, 2021, the Company provided the Former Auditor with a copy of the
foregoing disclosure and requested that it furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the statements made therein. A copy of the letter from the Former Auditor
dated December 3, 2019 is attached hereto as Exhibit 16.1.
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