Item 4.01 Changes in Registrant's Certifying Accountant
(a) Dismissal of independent registered public accounting firm
On February 20, 2020, Kaopu Group, Inc. (the "Company") dismissed Thayer O'Neal
Company, LLC ("Thayer"), as the Company's independent registered public
accounting firm.
The Company's Board of Directors approved Thayer's dismissal on February 20,
2020.
The reports of Thayer on the Company's financial statements as of, and for, the
years ended December 31, 2017 and 2018 did not contain any adverse opinion or
disclaimer of opinion, nor were any such reports qualified or modified as to
uncertainty, audit scope or accounting principles except for the following:
Thayer issued a going concern qualification in Thayer's report the financial
statements as of, and for, the years ended December 31, 2017 and December 31,
2018 respectively, in which Thayer indicated conditions which raised substantial
doubt on the Company's ability to continue as a going concern.
During the recent fiscal years ended December 31, 2017 and December 31, 2018,
and during the subsequent interim periods through February 20, 2020, there have
been no (i) disagreements between the Company and Thayer on any matters of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which disagreements, if not resolved to Thayer's
satisfaction would have caused Thayer to make reference to the subject matter of
the disagreement(s) in connection with its report, or (ii) reportable events
defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided Thayer with a copy of the above disclosure and
requested that Thayer furnish the Company with a letter addressed to the
Securities and Exchange Commission stating whether or not it agrees with the
above statements, and, if not, stating the respects in which it does not agree.
A copy of Thayer's letter, dated February 25, 2020, is filed as Exhibit 16.1 to
this Current Report on Form 8-K.
(b) New independent registered public accounting firm
On February 20, 2020, the Company engaged BF Borgers CPA PC ("BFB") as the
Company's new independent registered public accounting firm. The Board of
Directors approved the engagement of BFB on February 20, 2020.
During the recent fiscal years ended December 31, 2017 and December 31, 2018 and
during the subsequent interim periods through February 20, 2020, the Company did
not consult with BFB regarding (i) the application of accounting principles to
any 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)) or a reportable event (as defined in Item 304(a)(1)(v)).
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
No. Description
16.1 Letter dated February 25, 2020 From Thayer O'Neal Company LLC
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