What's up with the new auditor SFRX had so much c
Post# of 7795
(Total Views: 179)
Posted On: 03/31/2017 9:16:59 PM
What's up with the new auditor SFRX had so much confidence in? The 10K was due today. See the last sentence in bold .
Item 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On September 2, 2016 Seafarer Exploration Corp. (the Company) notified Accell Audit and Compliance, LLC (“Accell”), the Company's independent accounting firm, that it had elected to change accounting firms and, therefore, was dismissing Accell. On September 2, 2016, the Company engaged Daszkal Bolton (Daszkal Bolton) as its new independent accounting firm.
The decision to change accountants was made by the Company's board of directors.
Other than for the inclusion of a paragraph describing the uncertainty of the Company’s ability to continue as a going concern (for the years ended December 31, 2015 and December 14, 2014), Accell’s reports on the Company’s financial statements for the years ended December 31, 2014 and 2015, contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s two most recent fiscal years and the subsequent interim period preceding Accell’s dismissal, there were: (i) no “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Accell 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 Accell, would have caused it to make reference to the subject matter of the disagreements in its report on the consolidated financial statements of the Company; and (ii) no “reportable events” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company has provided Accell with a copy of this Form 8-K prior to its filing with the U.S. Securities and Exchange Commission (“SEC”) and requested Accell to furnish to the Company a letter addressed to the SEC stating that it agrees with the statements made above, a copy of which is filed as Exhibit 16.1 hereto.
During the Company’s two most recent fiscal years and the subsequent interim period preceding Daszkal Bolton’s engagement, neither the Company nor anyone on its behalf consulted Daszkal Bolton 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, and no written report or oral advice was provided to the Company that Daszkal Bolton concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a “disagreement” or “reportable event” (within the meaning of Item 304(a) of Regulation S-K and Item 304(a)(1)(v) of Regulation S-K, respectively). In approving the selection of Daszkal Bolton as the Company’s independent registered public accounting firm, the Board of Directors considered all relevant factors, including that no non-audit services were previously provided by Daszkal Bolton to the Company. The Board of Directors also considered Daszkal Bolton’s ability to work with the Company to file its reports in a timely manner.
https://www.sec.gov/Archives/edgar/data/11062...-16972.htm
Item 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On September 2, 2016 Seafarer Exploration Corp. (the Company) notified Accell Audit and Compliance, LLC (“Accell”), the Company's independent accounting firm, that it had elected to change accounting firms and, therefore, was dismissing Accell. On September 2, 2016, the Company engaged Daszkal Bolton (Daszkal Bolton) as its new independent accounting firm.
The decision to change accountants was made by the Company's board of directors.
Other than for the inclusion of a paragraph describing the uncertainty of the Company’s ability to continue as a going concern (for the years ended December 31, 2015 and December 14, 2014), Accell’s reports on the Company’s financial statements for the years ended December 31, 2014 and 2015, contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s two most recent fiscal years and the subsequent interim period preceding Accell’s dismissal, there were: (i) no “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Accell 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 Accell, would have caused it to make reference to the subject matter of the disagreements in its report on the consolidated financial statements of the Company; and (ii) no “reportable events” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company has provided Accell with a copy of this Form 8-K prior to its filing with the U.S. Securities and Exchange Commission (“SEC”) and requested Accell to furnish to the Company a letter addressed to the SEC stating that it agrees with the statements made above, a copy of which is filed as Exhibit 16.1 hereto.
During the Company’s two most recent fiscal years and the subsequent interim period preceding Daszkal Bolton’s engagement, neither the Company nor anyone on its behalf consulted Daszkal Bolton 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, and no written report or oral advice was provided to the Company that Daszkal Bolton concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a “disagreement” or “reportable event” (within the meaning of Item 304(a) of Regulation S-K and Item 304(a)(1)(v) of Regulation S-K, respectively). In approving the selection of Daszkal Bolton as the Company’s independent registered public accounting firm, the Board of Directors considered all relevant factors, including that no non-audit services were previously provided by Daszkal Bolton to the Company. The Board of Directors also considered Daszkal Bolton’s ability to work with the Company to file its reports in a timely manner.
https://www.sec.gov/Archives/edgar/data/11062...-16972.htm
(0)
(0)Seafarer Exploration (SFRX) Stock Research Links
Scroll down for more posts ▼