ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent registered public accounting firm
Thayer O'Neal Company, LLC applied for de-registration from the PCAOB.
On October 2, 2020, Jubilant Flame International, LTD (the "Company") dismissed
Thayer O'Neal Company, LLC as its independent registered public accounting firm,
as Thayer O'Neal Company, LLC applied for de-registration from the PCAOB. The
reports of Thayer O'Neal Company, LLC regarding the Company's financial
statements for the fiscal years ended February 29, 2020 and February 28, 2019
did not contain an adverse opinion or disclaimer of opinion and were not
modified as to uncertainty, audit scope, or accounting principles, except each
report did contain an explanatory paragraph related to the Company's ability to
continue as a going concern.
The Company's Board of Directors participated in and approved the decision to
change independent registered public accounting firms.
During the Company's fiscal years February 29, 2020 and February 28, 2019, and
through October 2, 2020, there were (i) no disagreements with Thayer O'Neal
Company, LLC on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of Thayer O'Neal Company, LLC would have caused
Thayer O'Neal Company, LLC to make reference to the subject matter of the
disagreements in connection with its report, and (ii) with the exception of
material weaknesses related to reconciliation of various accounts, lack of
precision and accuracy to properly reflect in the financial statements, no
"reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation
S-K.
The Company provided Thayer O'Neal Company, LLC with a copy of the foregoing
disclosures and requested Thayer O'Neal Company, LLC to furnish the Company with
a letter addressed to the Securities and Exchange Commission stating whether or
not Thayer O'Neal Company, LLC agrees with the disclosures. A copy of the letter
provided by Thayer O'Neal Company, LLC is filed as Exhibit 16.1 to this Current
Report on Form 8-K.
(b) New Independent Registered Public Accounting Firm
Effective October 2, 2020, the Company engaged TPS Thayer, LLC Certified Public
Accountants ("TPS") as the Company's new independent registered public
accounting firm. During the two most recent fiscal years and through October 2,
2020, the Company had not consulted with TPS regarding any of the following:
The application of accounting principles to a specific transaction, either
completed or proposed; The type of audit opinion that might be rendered on the
Company's financial statements, and none of the following was provided to the
Company: (a) a written report, or (b) oral advice that TPS concluded was an
important factor considered by the Company in reaching a decision as to
accounting, auditing or financial reporting issue; or Any matter that was
subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of
Regulation S-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
16.1 Letter from Thayer O'Neal Company, LLC dated October 2, 2020
regarding change in certifying accountant
2
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