Auditor Changes week ending 24 Apr 2016

Bullet points from last week:

  • SingerLewak takes over as 6D Global Technologies auditor. This after BDO resigned when the CEO refused to quit.
  • American Fiber Green Products engaged a new auditor…nearly a year ago. Just now getting around to letting the world know in an 8-K filing.
  • We learn from Mojo Organics that auditor Cowan Gunteski has, “transferred its SEC practice to MSPC.”

Here’s the full list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/18/2016 6D Global Technologies, Inc. NY BDO USA LLP SingerLewak LLP Resignation
4/18/2016 Genius Brands International, Inc. CA Haynie & Company Squar Milner LLP Dismissal
4/18/2016 ChipMOS Technologies, Inc. China Moore Stephens CPA Pricewaterhouse Coopers Taiwan Dismissal
4/19/2016 Flamel Technologies S.A. France Pricewaterhouse Coopers Audit (France) Pricewaterhouse Coopers LLP Decline To Stand
4/19/2016 Freestone Resources, Inc. TX MaloneBailey, LLP Heaton & Company, PLLC Dismissal
4/20/2016 American Fiber Green Products, Inc. FL Messineo & Co, CPAs, LLC Stevenson & Company CPAS LLC Decline To Stand
4/20/2016 Grand China Energy Group Limited Hong Kong Parker Randall CF (HK) CPA Limited RT LLP, Chartered Accountants Dismissal
4/20/2016 Pacific Ventures Group, Inc. CA Anderson Bradshaw PLLC Dylan Floyd Accounting and Consulting Dismissal
4/21/2016 Frontier Energy Corp. Canada GBH CPAs, PC
4/21/2016 Thunder Energies Corporation FL Anton & Chia, LLP Stevenson & Company CPAS LLC Dismissal
4/21/2016 Coates International, Ltd. NJ Cowan, Gunteski & Co. P.A. MSPC Certified Public Accountants and Advisors, a Professional Corporation Resignation
4/21/2016 Asure Software, Inc. TX Ernst & Young LLP Marcum LLP Dismissal
4/22/2016 Bella Costa Designs Inc. Guatemala Li and Company, PC KLJ & Associates LLP Resignation
4/22/2016 Mojo Organics, Inc. NJ Cowan, Gunteski & Co. P.A. MSPC Certified Public Accountants and Advisors, a Professional Corporation Resignation
4/22/2016 Pollex, Inc. CA Cowan, Gunteski & Co. P.A. MSPC Certified Public Accountants and Advisors, a Professional Corporation Resignation
4/22/2016 Generac Holdings Inc. WI Ernst & Young LLP Deloitte & Touche LLP Dismissal
4/22/2016 Bakken Resources, Inc. MT MaloneBailey, LLP DeCoria, Maichel and Teague, P.S. Dismissal
4/22/2016 BIO-AMD, Inc. United Kingdon RBSM LLP Saturna Group Chartered Professional Accountants LLP Dismissal

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Auditor Changes week ending 17 Apr 2016

No commentary this week, just giving it to you straight. Here’s the list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/11/2016 Vopia, Inc. CA KLJ & Associates, LLP L&L CPAs, P.A. Resignation
4/11/2016 KMP Futures Fund I LLC NY EisnerAmper LLP Arthur F. Bell, Jr. & Associates, L.L.C. Dismissal
4/11/2016 World Monitor Trust III – Series J NY EisnerAmper LLP Arthur F. Bell, Jr. & Associates, L.L.C. Dismissal
4/11/2016 Rhino Resource Partners LP KY Ernst & Young LLP Brown, Edwards & Company, L.L.P. Dismissal
4/12/2016 Ample-Tee, Inc. NV Kyle L. Tingle, CPA, LLC Pritchett, Siler & Hardy, P.C. Dismissal
4/12/2016 WisdomTree Coal Fund NY Grant Thornton LLP Ernst & Young LLP Dismissal
4/12/2016 WisdomTree Continuous Commodity Index Fund NY Grant Thornton LLP Ernst & Young LLP Dismissal
4/12/2016 EverythingAmped, Inc. Canada Anton & Chia, LLP Sadler Gibb & Associates, LLC Dismissal
4/12/2016 Manasota Group, Inc. FL Warren Averett, LLC Goldstein Schecter Koch, P.A. Dismissal
4/13/2016 Nuverra Environmental Solutions, Inc. AZ KPMG LLP Hein & Associates LLP Dismissal
4/13/2016 Kandi Technologies Group, Inc. China AWC (CPA) Limited BDO China Shu Lun Pan Certified Public Accountants LLP Dismissal
4/13/2016 Lifevantage Corporation UT EKS&H LLLP BDO USA LLP Dismissal
4/14/2016 Next Group Holdings, Inc. FL Anton & Chia, LLP D’Arelli Pruzansky, P.A. Dismissal
4/14/2016 Vapir Enterprises, Inc. CA Li and Company, PC D. Brooks and Associates CPA, PA Dismissal
4/14/2016 Comstock Holding Companies, Inc. VA Pricewaterhouse Coopers LLP BDO USA LLP Dismissal
4/15/2016 Unique Fabricating, Inc. MI Baker Tilly Virchow Krause, LLP Deloitte & Touche LLP Dismissal
4/15/2016 Zoe’s Kitchen, Inc. TX Pricewaterhouse Coopers LLP Deloitte & Touche LLP Dismissal
4/15/2016 SkyPeople Fruit Juice, Inc. China Armanino LLP Wei, Wei & Co., LLP Dismissal
4/15/2016 Newell Brands Inc. GA Ernst & Young LLP Pricewaterhouse Coopers LLP Dismissal
4/15/2016 Searchlight Minerals Corp. NV BDO USA LLP Resignation
4/15/2016 Collegium Pharmaceutical, Inc. MA Grant Thornton LLP Deloitte & Touche LLP Dismissal
4/15/2016 Semtech Corporation CA Ernst & Young LLP Deloitte & Touche LLP Dismissal
4/15/2016 Aluminium Corporation of China Limited China Ernst & Young LLP Ernst & Young Hua Ming LLP Dismissal

Happy tax day!

Round and round and round…

Auditor Changes week ending 10 Apr 2016

Carousel spinning at full speed last week. But before getting to the list of companies making an auditor switch, take note of Skystar Bio-Pharmaceutical Company. According to the 8-K, the Hong Kong version of auditor Crowe Horwath, “had to suspend audit fieldwork in December 2015 because the Company was unable to arrange visits with certain vendors, customers, logistics companies or with eth[sic] relevant State Tax Bureau.” But wait, there’s more. In a letter from Crowe to Skystar, the auditors share concerns regarding alleged fraud at a Skystar subsidiary, “including without limitation that the subsidiary forged bank statements and cash flows, manipulated financial statements, hid borrowings and guarantees, filed false tax returns, forged tax payment invoices, inflated sales and overstated revenues for 2013 to 2015.” A copy of the letter was sent to the SEC for good measure.

Now to the list:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/4/2016 AmTrust Financial Services, Inc. NY BDO USA LLP KPMG LLP Dismissal
4/4/2016 Andalay Solar, Inc. CA Burr Pilger Mayer, Inc. RBSM LLP Dismissal
4/4/2016 Immunoclin Corporation Washington D.C. Turner, Stone & Company Dismissal
4/4/2016 SMG Indium Resources Ltd. NY KPMG LLP CohnReznick LLP Dismissal
4/4/2016 Midstates Petroleum Company, Inc. OK Deloitte & Touche LLP Grant Thornton LLP Dismissal
4/4/2016 Avid Technology, Inc. MA Deloitte & Touche LLP BDO USA LLP Dismissal
4/5/2016 Mast Therapeutics, Inc. CA Pricewaterhouse Coopers LLP Mayer Hoffman McCann P.C. Dismissal
4/5/2016 Alaska Communications Systems Group, Inc. AK KPMG LLP Moss Adams LLP Dismissal
4/5/2016 Numerex Corp. GA Grant Thornton LLP BDO USA LLP Decline To Stand
4/6/2016 Sotherly Hotels Inc.
Sotherly Hotels LP
VA Grant Thornton LLP Dismissal
4/6/2016 Loop Industries, Inc. CA Li and Company, PC Weinberg & Company Dismissal
4/6/2016 Golden Queen Mining Co. Ltd. Canada BDO LLP Pricewaterhouse Coopers LLP Dismissal
4/6/2016 Skystar Bio-Pharmaceutical Company China Crowe Horwath (HK) CPA Limited Wei Wei & Co., LLP Resignation
4/6/2016 Apptigo International, Inc. FL MaloneBailey, LLP
4/6/2016 Intersections Inc. VA Deloitte & Touche LLP RSM US LLP Dismissal
4/7/2016 Ignite Restaurant Group, Inc. TX Pricewaterhouse Coopers LLP Deloitte & Touche LLP Dismissal
4/7/2016 Petrone Worldwide, Inc. FL Pritchett, Siler & Hardy, P.C. MaloneBailey, LLP Dismissal
4/7/2016 Moxian, Inc. China Dominic K.F. Chan & Co, CPA Friedman LLP Dismissal
4/7/2016 Sycamore Networks, Inc. MA Pricewaterhouse Coopers LLP Moody Famiglietti & Andronico, LLP Dismissal
4/7/2016 Pieris Pharmaceuticals, Inc. MA Ernst & Young GmbH Wirtschaftsprüfung sgesellschaft Ernst & Young LLP Dismissal
4/7/2016 Lion Biotechnologies, Inc. NY Weinberg & Company, P.A. Marcum LLP Dismissal
4/7/2016 Harte Hanks, Inc. TX KPMG LLP Deloitte & Touche LLP Dismissal
4/7/2016 China Longyi Group International Holdings Limited China Tao Su, CPA Anton & Chia, LLP Dismissal
4/8/2016 Electronic Cigarettes International Group, Ltd. CO Rehmann Robinson LLC Hein & Associates LLP Dismissal
4/8/2016 Malaysia Pro-Guardians Security Management Corporation NY McCormack, Su & Company Inc. Anton & Chia, LLP Dismissal
4/8/2016 AJ Greentech Holdings Ltd. NY McCormack, Su & Company Inc. Anton & Chia, LLP Dismissal
4/8/2016 Poverty Dignified, Inc. NC Elliott Davis Decosimo, LLC Spiegel Accountancy Corp Resignation
4/8/2016 Akari Therapeutics PLC NY BDO AG BDO USA LLP Dismissal
4/8/2016 Appliance Recycling Centers of America, Inc. MN Baker Tilly Virchow Krause, LLP Decline To Stand

Thanks for taking a spin on the Auditor Carouse. Tune in again next week.

Round and round and round…

Auditor Changes week ending 03 Apr 2016

Capital Art wins filing of the week with a verbose 8-K about their auditor change. Verbose may be a bit of a stretch, but there was a lot of commentary that usually isn’t included in boilerplate 8-Ks about auditor changes. Capital Art went through a reverse merger, and, now former auditor, HJ & Associates said it should be accounted for as an asset sale. Capital Art disagreed, but dismissed HJ insisting it, “was not a dismissal, but merely a change in firms due to the disagreement of the reverse merger classification.” The filing also contains nuggets like, “The new firm agrees that it is a reverse merger,” and, “This was merely a difference of opinions between the accounting firms.” Someone at Capital Art must have got a talking to, as two days later, a much slimmed down 8-K/A was filed, without all the fun stuff.

Here are all of last week’s changes:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
3/28/2016 Altisource Portfolio Solutions S.A. Luxembourg Deloitte & Touche LLP Mayer Hoffman McCann P.C. Dismissal
3/28/2016 Hubspot, Inc. MA Deloitte & Touche LLP Pricewaterhouse Coopers LLP Dismissal
3/28/2016 Tribune Publishing Company IL Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal
3/28/2016 Capital Art, Inc. NV HJ & Associates, LLP Eide Bailly LLP Dismissal
3/28/2016 DiMi Telematics International, Inc. NY RBSM LLP MaloneBailey, LLP Dismissal
3/29/2016 Koppers Holdings Inc. PA Ernst & Young LLP KPMG LLP Dismissal
3/29/2016 United-Guardian, Inc. NY Baker Tilly Virchow Krause, LLP Raich Ende Malter & Co. LLP Resignation
3/29/2016 Crowdgather, Inc. CA Q Accountancy Corporation Hall and Company, Inc. Dismissal
3/29/2016 Rennova Health, Inc. FL Burr Pilger Mayer, Inc. Green & Company CPA’s Dismissal
3/30/2016 River Financial Corporation AL Porter Keadle Moore, LLC Mauldin & Jenkins, LLC Dismissal
3/30/2016 Chuma Holdings, Inc. CA Sadler, Gibb & Associates, LLC Resignation
3/30/2016 Carolco Pictures, Inc. FL Li and Company, PC Weinberg & Company Dismissal
3/30/2016 Oaktree Capitol Group, LLC CA Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal
3/30/2016 Global Power Equipment Group Inc. TX BDO USA LLP Hein & Associates LLP Dismissal
4/1/2016 Diadexus, Inc. CA Pricewaterhouse Coopers LLP UOM & Co. LLP Dismissal
4/1/2016 Intermolecular, Inc. CA KPMG LLP Armanino LLP Dismissal
4/1/2016 Safco Investment Holding Corp. CA Li and Company, PC Weinberg & Company Dismissal
4/1/2016 E-Compass Acquisition Corp. NY UHY LLP Friedman LLP Resignation
4/1/2016 Atlantic Coast Financial Corporation FL RSM US LLP Dixon Hughes Goodman LLP Dismissal

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Auditor Changes week ending 27 Mar 2016

A healthy list of auditor changes from last week. 6D Global provided some entertainment. Wrote about that separately here, but in short, BDO had issues with the 6D CEO, and told the board either he has to resign, or we will. Guess who resigned.

Here’s what happened on the auditor switch front:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
3/21/2016 Gala Global Inc. NV Cutler & Co., LLC Pritchett, Siler & Hardy, P.C. Resignation
3/21/2016 Cantabio Pharmaceuticals Inc. CA KLJ & Associates, LLP Marcum LLP Resignation
3/21/2016 Horsehead Holding Corp. PA Grant Thornton LLP BDO USA LLP Dismissal
3/21/2016 Princeton Capital Corporation TX Crowe Horwath LLP WithumSmith + Brown, PC Resignation
3/21/2016 Black Stone Minerals, L.P. TX BDO USA LLP Ernst & Young LLP Dismissal
3/21/2016 Chinawe.com Inc. Hong Kong Parker Randall CF (HK) CPA Limited Moore Stephens CPA Limited Resignation
3/21/2016 Medefile International, Inc. FL RBSM LLP MaloneBailey, LLP Dismissal
3/22/2016 Cannabics Pharmaceuticals Inc. MD Fruci & Associates II PLLC Weinberg & Baer LLC Dismissal
3/23/2016 Wowio, Inc. CA Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
3/23/2016 Strikeforce Technologies, Inc. NJ Li and Company, PC Weinberg & Company Dismissal
3/23/2016 6D Global Technologies, Inc. NY BDO USA LLP Resignation
3/24/2016 Gold Resource Corporation CO KPMG LLP EKS&H LLLP Dismissal
3/24/2016 Bitzio, Inc. CA Sadler, Gibb & Associates, LLC Rosenberg Rich Baker Berman & Company Dismissal
3/24/2016 Biota Pharmaceuticals, Inc. GA Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal
3/24/2016 Huayue Electronics, Inc. NY Canuswa Accounting and Tax Services Inc. Dismissal
3/24/2016 PartnerRe Ltd. Bermuda Deloitte Ltd. Ernst & Young Ltd. Dismissal
3/25/2016 IDdriven, Inc. CA Sadler, Gibb & Associates, LLC RBSM LLP Dismissal
3/25/2016 Bridgepoint Education, Inc. CA Pricewaterhouse Coopers LLP Deloitte & Touche LLP Dismissal
3/25/2016 The ExOne Company PA Baker Tilly Virchow Krause, LLP Schneider Downs & Company, Inc. Dismissal
3/25/2016 Chiasma, Inc. MA Kost Forer Gabbay and Kasierer, a member firm of Ernst & Young Global Deloitte & Touche LLP Dismissal
3/25/2016 Ultralife Corporation NY Bonadio & Co., LLP Freed Maxick CPAs, P.C. Dismissal
3/25/2016 Dawson Geophysical Company TX Ernst & Young LLP RSM US LLP Dismissal

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Either the CEO Goes or We Go

Pretty unusual that we get something interesting enough to warrant a mid-week post. 6D Technologies put out an 8-K covering a number of items, beginning with the resignation of auditor BDO. Seems BDO took exception to some inconsistencies in past representations made by 6D CEO, Tejune Kang. Hard to to business with a CEO that can’t keep his story straight. According to the filing, BDO, “insisted that Mr. Kang separate or be separated from the Company as a condition of its continued representation of the Company as its independent registered public accounting firm.”

As you would expect, the CEO, “refused the request to resign in the belief that it was not in the best interests of the Company or its shareholders.” BDO then resigned on March 17, 2016. BDO also notified 6D that the 2014 financial statements should no longer be relied on.

That’s not all. Also on March 17, the 6D board of directors had a meeting. Adam Hartung, chairman of the audit committee, made a motion to terminate Mr. Kang. That motion, “was not seconded, and therefore was not voted upon.” Having been spurned, the AC chair then resigned, “because the Board did not support his decision to terminate Mr. Kang as CEO of the Company…and Mr. Hartung felt he would no longer be an effective member of the Board.” For some reason, his resignation isn’t effective until April 16, 2016. Because, of course that makes sense.

But it doesn’t end there. With the CEO still in place, the board felt it was an appropriate time to modify his employment agreement. Mr. Kang’s previous annual salary was $102,000, plus an additional allowance of up to $118,000 for living expenses.  Under the revised agreement, Mr. Kang no longer gets the allowance for living expenses, but his base salary is increased to $220,000. Because, of course that makes sense.

The 8-K also goes into a Section 10A independent investigation, but that’s for another day.

This is all from the company’s perspective. You can read BDO’s version in this letter to 6D.

Round and round and round…

Auditor Changes week ending 20 Mar 2016

Another week full of auditor changes. Here’s what happened:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
3/14/2016 Reign Sapphire Corporation CA Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
3/14/2016 Rayonier Advanced Materials FL Ernst & Young LLP Grant Thornton LLP Dismissal
3/14/2016 QMIS Finance Securities Corporation NY McCormack, Su & Company Inc. Anton & Chia, LLP Dismissal
3/14/2016 Borneo Industrial Fishery Corp Inc. NY McCormack, Su & Company Inc. Anton & Chia, LLP Dismissal
3/14/2016 Monaker Group, Inc. FL D’Arelli Pruzansky, P.A. LBB & Associates Ltd., LLP Dismissal
3/14/2016 Quicksilver Resources Inc. TX Ernst & Young LLP Resignation
3/14/2016 Coeur Mining, Inc. IL KPMG LLP Grant Thornton LLP Dismissal
3/15/2016 Adaiah Distribution Inc. Latvia David L. Hillary, Jr., CPA, CITP Darrel Whitehead, CPAs Resignation
3/15/2016 Energizer Tennis, Inc. CA RLB Certified Public Accountant PLLC Ankit Consulting Services, Inc. Dismissal
3/16/2016 Hexcel Corporation CT Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal
3/16/2016 Sipup Corporation NY David A. Aronson, CPA P.A. Weinstein & Co. Dismissal
3/17/2016 Del Toro Silver Corp. NV Excelsis International Tax and Accounting Professionals Resignation
3/17/2016 Sun Hydraulics Corporation FL Mayer Hoffman McCann P.C. Grant Thornton LLP Dismissal
3/17/2016 Micropac Industries, Inc. TX KPMG LLP Whitley Penn LLP Dismissal
3/18/2016 Martin Marietta Materials, Inc. NC Ernst & Young LLP Pricewaterhouse Coopers LLP Dismissal
3/18/2016 M & A Holding Corp. China Paritz & Company, P.A. WWC, P.C. Dismissal
3/18/2016 Cryo-Cell International, Inc. FL Grant Thornton LLP Porter Keadle Moore Dismissal
3/18/2016 FairPoint Communications, Inc. NC Ernst & Young LLP BDO USA LLP Dismissal

Tune in again next week for more Auditor Carousel goodness.

Round and round and round…

Auditor Changes week ending 13 Mar 2016

Hey Moquist Thorvilson Kaufmann Kennedy & Pieper! Five names is too many. For suggestions on how to shorten, see KPMG, RSM, or M&K. You don’t have to go strictly with initials, though. In this election year, my vote is for Mo-Tho.

In other news, here a list of companies that made an auditor switch last week:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
3/7/2016 ImmuCell Corporation ME Baker Newman & Noyes, LLC Decline To Stand
3/7/2016 Broadwind Energy, Inc. IL KPMG LLP RSM US LLP Dismissal
3/7/2016 Sitestar Corporation VA Ciro E. Adams, CPA, LLC Cherry Bekaert LLP Resignation
3/8/2016 FORU Holdings, Inc. IL Moquist Thorvilson Kaufmann Kennedy & Pieper LLC Heaton & Company, PLLC Decline To Stand
3/8/2016 EMS Find, Inc. PA Seale & Beers CPAs Green & Company CPA’s Dismissal
3/9/2016 Max Sound Corporation CA Sadler, Gibb & Associates, LLC Anton & Chia, LLP Dismissal
3/9/2016 Delta Apparel, Inc. SC KPMG LLP Ernst & Young LLP Dismissal
3/10/2016 Eco Science Solutions, Inc. HI Seale & Beers CPAs BF Borgers CPA PC Dismissal
3/10/2016 Mazzal Holding Corp. FL Weinstein & Co. Frazier & Deeter, LLC Dismissal
3/11/2016 Tree Top Industries, Inc. NV M&K CPAs, PLLC Scrudato & Co. PA Dismissal
3/11/2016 Umatrin Holding Limited NY Jimmy P. Lee, CPA, P.C. Yichien Yeh CPA Resignation
3/11/2016 Eight Dragons Company TX Hillary CPA Group Montgomery Coscia Greilich LLP Dismissal

Pretty slow week, and that’s just fine every once in a while. Stop by again next week for all the latest auditor change news.

Round and round and round…

Auditor Changes week ending 06 Mar 2016

When your auditor tells you that it no longer qualifies to audit SEC registrants, your natural inclination is to run out and engage a new CPA firm with nearly the same name. No? Well, that’s what Surepure did, replacing RSSM with RBSM. That’s about as close as you can get.

Here are all the changes from last week:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
2/29/2016 Bnet Media Group, Inc. UT MaloneBailey, LLP Sadler Gibb & Associates, LLC Resignation
2/29/2016 General Cannabis Corp. CO Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
2/29/2016 Surepure, Inc. NY RSSM CPA LLP Dismissal
3/1/2016 Vortronnix Technologies, Inc. TX Anton & Chia, LLP Resignation
3/1/2016 American BriVision (Holding) Corporation NY John Scrudato CPA AWC (CPA) Limited Dismissal
3/1/2016 JD International Limited Hong Kong DKM Certified Public Accountants TAAD LLP Dismissal
3/1/2016 INC Research Holdings, Inc. NC Ernst & Young LLP Deloitte & Touche LLP Dismissal
3/2/2016 Golden Phoenix Minerals, Inc. UT HJ & Associates, LLP Haynie & Company Resignation
3/2/2016 24/7 Kid Doc, Inc. NC Stevenson & Company CPAS LLC
3/2/2016 Meganet Corporation NV HJ & Associates, LLP MaloneBailey, LLP Dismissal
3/3/2016 800 Commerce, Inc. FL MaloneBailey, LLP L&L CPAs, P.A. Dismissal
3/3/2016 Surepure, Inc. NY RSSM CPA LLP RBSM LLP Dismissal
3/3/2016 Pinnacle Financial Partners, Inc. TN KPMG LLP Crowe Horwath LLP Dismissal
3/4/2016 Weyland Tech, Inc. Hong Kong GBH CPAs, PC Dominic KF Chan & Co. Dismissal
3/4/2016 Calix, Inc. CA Ernst & Young LLP KPMG LLP Dismissal
3/4/2016 Capstone Therapeutics Corp. AZ Moss Adams LLP Resignation
3/4/2016 Symmetry Surgical Inc. TN Ernst & Young LLP Deloitte & Touche LLP Dismissal

Gearing up for March madness? Year round madness, right here on the Auditor Carousel.

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Auditor Changes week ending 28 Feb 2016

Dutch company Koninklijke Philips (Royal Philips) referenced mandatory auditor rotation requirements in noting a change from KPMG to EY. The Netherlands has adopted rules requiring a change in auditor every eight years. Once a company has changed auditors, there is a 2 year cooling off period before they can switch back to the previous auditor. The rule only took effect January 1, 2016, so time will tell whether the mandatory auditor switches achieve the goal of increased audit quality.

Here’s the full list of companies that made an auditor switch:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
2/22/2016 TRHF Company Limited, Inc. Hong Kong Gillespie & Associates PLLC WWC, P.C. Dismissal
2/22/2016 World Media & Technology Corp. FL Cutler & Co., LLC Pritchett, Siler & Hardy, P.C. Resignation
2/22/2016 Global Clean Energy Holdings, Inc. CA Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
2/22/2016 mPhase Technologies, Inc. NJ Demetrius Berkower LLC Buchbinder Tunick & Company Dismissal
2/22/2016 Galileo Life Sciences, Inc. Canada Cutler & Co., LLC Pritchett, Siler & Hardy, P.C. Resignation
2/23/2016 Wizard World, Inc. CA Li and Company, PC Rosenberg Rich Baker Berman & Company Dismissal
2/23/2016 Cantabio Pharmaceuticals Inc. CA KLJ & Associates, LLP Resignation
2/23/2016 Marvell Technology Group Limited Bermuda Pricewaterhouse Coopers LLP Deloitte & Touche LLP Resignation
2/23/2016 Ceres, Inc. CA KPMG LLP Marcum LLP Dismissal
2/23/2016 KONINKLIJKE PHILIPS N.V. The Netherlands KPMG Accountants N.V. Ernst & Young Accountants LLP Decline To Stand
2/24/2016 GOP & CO2, Inc. Switzerland RLB Certified Public Accountant PLLC Dismissal
2/24/2016 Ubiquity, Inc. CA Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
2/24/2016 Aspirity Holdings LLC MN Baker Tilly Virchow Krause, LLP Deloitte & Touche LLP Dismissal
2/25/2016 Applied Energetics, Inc. AZ Liggett & Webb, P.A. RBSM LLP Dismissal
2/25/2016 Invesco Mortgage Capital, Inc. GA Grant Thornton LLP Pricewaterhouse Coopers LLP Dismissal
2/26/2016 Medresponse Corp. CA KLJ & Associates, LLP Pritchett, Siler & Hardy, P.C. Dismissal

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