Item 4.01. Changes in Registrant's Certifying Accountant.
(a) On March 31, 2020, United Royale Holdings Corp. (the "Company") engaged Zia
Masood Kiani & Co ("Zia Masood Kiani") as its principal accountant and dismissed
TAAD, LLP ("TAAD") from that role. The change in the Company's principal
accountant was approved by the Company's Board.
The audit report of TAAD on the Company's financial statements for the fiscal
years ended December 31, 2019, 2018, 2017 and 2016 contained no adverse opinion
or disclaimer of opinion. However, the audit reports of TAAD for the fiscal year
ended December 31, 2019 and 2018, raised substantial doubt about the Company's
ability to continue as a going concern due to the Company's net loss for the
years ended December 31, 2019 and 2018.
During the Company's four most recent fiscal years ended December 31, 2019,
2018, 2017 and 2016 and for the subsequent interim period through March 31,
2020, the Company had no "disagreements" (as described in Item 304(a)(1)(iv) of
Regulation S-K) with TAAD 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 TAAD, would have caused it
to make reference in connection with its opinion to the subject matter of the
disagreements.
During the Company's four most recent fiscal years ended December 31, 2019,
2018, 2017 and 2016 and for the subsequent interim period through March 31,
2020, there was no "reportable event" within the meaning of Item 304(a)(1)(v) of
Regulation S-K.
We have requested our independent accountants to furnish us as promptly as
possible a letter addressed to the Commission stating whether the independent
accountants agree with the statements made in this Form 8-K in response to this
Item 4.01. A letter from TAAD addressed to the Securities and Exchange
Commission stating that it concurs with the statements made by the Company with
respect to TAAD in this Current Report on Form 8-K. A copy of such letter is
furnished hereto with the filing of this Current Report on Form 8-K.
(b) On March 31, 2020, the Company engaged Zia Masood Kiani as the Company's new
independent registered public accounting firm effective immediately. The
retention of Zia Masood Kiani was approved by the Board of Directors. During the
Company's four most recent fiscal years ended December 31, 2019, 2018, 2017 and
2016 and for the subsequent interim period through March 31, 2020, neither the
Company, nor anyone on behalf of the Company consulted with Zia Masood Kiani
regarding either: (i) 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, or (ii) any matter that
was either the subject of a disagreement as described in Item 304(a)(1)(iv) of
Regulation S-K or a reportable event within the meaning of Item 304(a)(1)(v) of
Regulation S-K.
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