Item 4.01 Changes in Registrant's Certifying Accountant.
On June 15, 2021, the registrant ("Mymetics" or the "Company"), through and with
the approval of its Audit Committee, appointed Fruci & Associates II, PLLC
("Fruci & Associates") to replace BDO USA, LLP ("BDO") as its independent
registered public accounting firm following BDO informing the Company that BDO
had increased its fees to audit and review the Company's financial statements.
BDO's reports on the Company's financial statements as of and for the fiscal
years ended December 31, 2020 and 2019, contained an explanatory paragraph that
raises substantial doubt about the Company's ability to continue as a going
concern. Other than the going concern matter, the reports of BDO on the
financial statements of the Company for the fiscal years ended December 31, 2020
and 2019, did not contain any adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope or accounting
principles.
During the Company's fiscal years ended December 31, 2020 and 2019, and through
June 15, 2021, there were no disagreements between the Company and BDO 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 BDO, would have caused BDO to make reference to the subject
matter of the disagreements in connection with its audit reports on the
Company's financial statements. During the Company's past fiscal years ended
December 31, 2020 and 2019, and the interim period through March 31, 2021, BDO
did not advise the Company of any of the matters specified in Item 304(a)(1)(v)
of Regulation S-K.
The Company provided BDO with a copy of this report on Form 8-K in accordance
with Item 304(a) of Regulation S-K prior to its filing with the Securities and
Exchange Commission and requested that BDO furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements and, if it does not agree, the respects in which it
does not agree. A copy of the letter from BDO is filed as Exhibit 16.1 hereto.
During the Company's two most recently completed fiscal years and through the
date of engagement of Fruci & Associates, neither the Company nor anyone on
behalf of the Company consulted with Fruci & Associates regarding (a) the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Company's financial statements as to which the Company received a written
report or oral advice that was an important factor in reaching a decision on any
accounting, auditing or financial reporting issue; or (b) any matter that was
the subject of a disagreement or a reportable event as defined in Items
304(a)(1)(iv) and (v), respectively, of Regulation S-K.
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