Any thoughts on the latest around L.L.Bradford? Th
Post# of 36729
Posted On: 10/25/2013 6:15:44 PM
Any thoughts on the latest around L.L.Bradford? They resigned over at AEGY
On October 10, 2013, L.L. Bradford, Certified Public Accountants, of Las Vegas, NV (“L.L. Bradford”) resigned as Registrant’s independent accounting firm , effective immediately. In accordance with Item 304(a)(1) of Regulation S-K of the SEC, the Company is providing the following information:
1.
The former accountant, L.L. Bradford, notified the Registrant that it was resigning as the Company’s certifying accountants by email dated October 10, 2013, a copy of which is attached as Exhibit 16.
2.
The former principal accountant’s did not report on the financial Statements of the Company for the last two fiscal years ending July 31, 2012 and 2011, and its review of the financial statements for the quarter ended April 30, 2013 did not contain an adverse opinion or disclaimer of opinion, and was not modified as to uncertainty, audit scope, or accounting principles , except for going concern uncertainties.
3.
The decision to accept the resignation of L.L. Bradford and Company was recommended and approved by the Board of Directors of the Company.
4.
During the two most recent fiscal years and any subsequent interim period preceding such resignation, there were no disagreements with the former accountants, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the former accountant’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report, and no such disagreements have ever been communicated to the Company.
5.
There were no events as described in Item 304(a)(1)(v) of Regulation SK that occurred within the two prior fiscal years of the Registrant ending July 31, 2012 and 2011, as to which the former auditor did not express an opinion, or any subsequent interim period,
Section 7 – Regulation FD
Item 7.01 Regulation FD Disclosure.
Registrant’s former accountant advised Registrant in early October, 2013, that its use of an independent consultant, who was subject to an SEC administrative order in March, 2010 barring the consultant from appearing or practicing as an accountant before the Commission, to assist in regulatory compliance relating to the preparation and filing of its financial statements, had caused the former accountant to conclude that it should not rely on the consultant for any accounting information regarding Registrant. The former accountant did not suggest or claim that any such accounting information regarding Registrant was incorrect or inaccurate. Registrant’s management was aware of and had reviewed the circumstances of the administrative order and had concluded that nothing in the administrative order or the related circumstances precluded Registrant’s use of the consultant for the limited purpose of regulatory compliance. The consultant is not, and has not been, an officer, director, employee, shareholder, or agent of Registrant, does not and has never, practiced or appeared before the Commission as an accountant and does not prepare or manage the financial reports of Registrant. All financial statements and reports are solely the responsibility of Registrant’s management.
The former accountant did not advise Registrant that this information, or any other information that has come to its attention, has impacted in any way the fairness or reliability of either (i) a previously issued audit report or the underlying financial statements, or (ii) the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report . The former accountant also did not advise the Registrant that this information, or any other information that has come to its attention, has led the former accountant to no longer be able to rely on management’s representations, or that has made it unwilling to be associated with the financial statements prepared by management.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALTERNATIVE ENERGY PARTNERS, INC.
Date: October 24, 2013
By:
/s/ Mario Barrera
Mario Barrera
President
On October 10, 2013, L.L. Bradford, Certified Public Accountants, of Las Vegas, NV (“L.L. Bradford”) resigned as Registrant’s independent accounting firm , effective immediately. In accordance with Item 304(a)(1) of Regulation S-K of the SEC, the Company is providing the following information:
1.
The former accountant, L.L. Bradford, notified the Registrant that it was resigning as the Company’s certifying accountants by email dated October 10, 2013, a copy of which is attached as Exhibit 16.
2.
The former principal accountant’s did not report on the financial Statements of the Company for the last two fiscal years ending July 31, 2012 and 2011, and its review of the financial statements for the quarter ended April 30, 2013 did not contain an adverse opinion or disclaimer of opinion, and was not modified as to uncertainty, audit scope, or accounting principles , except for going concern uncertainties.
3.
The decision to accept the resignation of L.L. Bradford and Company was recommended and approved by the Board of Directors of the Company.
4.
During the two most recent fiscal years and any subsequent interim period preceding such resignation, there were no disagreements with the former accountants, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the former accountant’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report, and no such disagreements have ever been communicated to the Company.
5.
There were no events as described in Item 304(a)(1)(v) of Regulation SK that occurred within the two prior fiscal years of the Registrant ending July 31, 2012 and 2011, as to which the former auditor did not express an opinion, or any subsequent interim period,
Section 7 – Regulation FD
Item 7.01 Regulation FD Disclosure.
Registrant’s former accountant advised Registrant in early October, 2013, that its use of an independent consultant, who was subject to an SEC administrative order in March, 2010 barring the consultant from appearing or practicing as an accountant before the Commission, to assist in regulatory compliance relating to the preparation and filing of its financial statements, had caused the former accountant to conclude that it should not rely on the consultant for any accounting information regarding Registrant. The former accountant did not suggest or claim that any such accounting information regarding Registrant was incorrect or inaccurate. Registrant’s management was aware of and had reviewed the circumstances of the administrative order and had concluded that nothing in the administrative order or the related circumstances precluded Registrant’s use of the consultant for the limited purpose of regulatory compliance. The consultant is not, and has not been, an officer, director, employee, shareholder, or agent of Registrant, does not and has never, practiced or appeared before the Commission as an accountant and does not prepare or manage the financial reports of Registrant. All financial statements and reports are solely the responsibility of Registrant’s management.
The former accountant did not advise Registrant that this information, or any other information that has come to its attention, has impacted in any way the fairness or reliability of either (i) a previously issued audit report or the underlying financial statements, or (ii) the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report . The former accountant also did not advise the Registrant that this information, or any other information that has come to its attention, has led the former accountant to no longer be able to rely on management’s representations, or that has made it unwilling to be associated with the financial statements prepared by management.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALTERNATIVE ENERGY PARTNERS, INC.
Date: October 24, 2013
By:
/s/ Mario Barrera
Mario Barrera
President
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