October 19, 2014 Leave a comment
Some interesting notes this week. International Metals Streaming Corp is changing auditors for the third time in the last 12 months. We’ll see how long the new auditor, RBSM, lasts.
Paracap Corporation hired an auditor to go back and audit financials from 2006. Problem with 2006 financials is they were audited by Stan JH Lee, whose PCAOB registration was permanently revoked last year.
Marcum LLP resigned as NXT-ID auditor, and Biospecifics Technologies dismissed Friedman LLP. The reason? In both cases, the auditor also provided independence impairing tax services to the client. Not all tax services impair auditor independence, but a lot do. Pro tip: make sure audit and tax departments are talking to each other, especially when both are serving the same client.
Here’s the full list of changes this week:
|Filing Date||Company||Location||Old Auditor||New Auditor||Dismissal / Resignation|
|10/10/2014||Eat at Joes, Ltd.||NY||Robinson, Hill & Company||Weinberg & Company||Resignation|
|10/14/2014||International Metals Streaming Corp.||CO||Cutler & Co., LLC||RBSM LLP||Dismissal|
|10/14/2014||Full Circle Registry, Inc.||KY||Roderfer, Moss & Co., PLLC||-||Resignation|
|10/14/2014||Kite Pharma, Inc.||CA||Crowe Horwath LLP||Ernst & Young LLP||Dismissal|
|10/14/2014||IFAN Financial, Inc.||CA||Anton & Chia, LLP||Kyle L. Tingle, CPA, LLC||Dismissal|
|10/15/2014||Paracap Corporation||NV||Stan J.H. Lee, CPA||David Lee Hillary Jr., CPA||Dismissal|
|10/15/2014||NXT-ID, Inc.||CT||Marcum LLP||-||Resignation|
|10/15/2014||Neogenomics, Inc.||FL||Kingery & Crouse PA||Frazier & Deeter, LLC||Resignation|
|10/15/2014||Intermetro Communications, Inc.||CA||Gumbiner Savett Inc.||-||Dismissal|
|10/15/2014||Microwave Filter Company, Inc.||NY||EFP Rotenberg, LLP||-||Decline To Stand|
|10/16/2014||Source Gold Corp.||NV||W.T. Uniack & Co., CPAs P.C.||John Scrudato CPA||Dismissal|
|10/16/2014||Bowl America Incorporated||VA||Aronson, LLC||MN Blum LLC||Dismissal|
|10/16/2014||Microelectronics Technology Company||NV||W.T. Uniack & Co., CPAs P.C.||Terry L. Johnson, CPA||Dismissal|
|10/16/2014||Biospecifics Technologies Corp.||NY||Friedman LLP||EisnerAmper LLP||Dismissal|
|10/17/2014||Grid Petroleum Corp.||CO||W.T. Uniack & Co., CPAs P.C.||John Scrudato CPA||Dismissal|
|10/17/2014||Force Minerals Corporation||CO||W.T. Uniack & Co., CPAs P.C.||Hillary CPA Group, LLC||Dismissal|
|10/17/2014||ESP Resources, Inc.||LA||MaloneBailey, LLP||Turner, Stone & Company, LLP||Dismissal|
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Round and round and round…