Auditor Changes week ending 22 May 2016

China based THRF Company Limited has a new auditor after the company could not agree with WWC on a deadline to issue a review report. Per the 8-K, the disagreement was based on, “the Company’s inability to provide financial statements to the WWC in a timely manner despite WWC’s written reminders to the Company requesting information. WWC believes that it should be provided such financial statements and supporting information with adequate time to perform audit and review procedures to properly discharge its duty.” I’m pretty sure an auditor wrote that part. They don’t sound like words that would come naturally from a company. Something I am sure the auditor wrote was this letter, addressed to the SEC, where WWC says they want to collect outstanding fees, and “reserve the right to request payment of a retainer to our firm prior to providing assistance to any successor auditor.”

Here’s the full list of auditor changes:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
5/16/2016 Live Fit Corp. China AWC LLP DCAW (CPA) Limited Resignation
5/16/2016 Paratek Pharmaceuticals, Inc. MA CohnReznick LLP Ernst & Young LLP Dismissal
5/16/2016 TRHF Company Limited, Inc. China WWC, P.C. Mr. Yeung Mai Kwan Dismissal
5/16/2016 REDtone, Inc. China AWC LLP DCAW (CPA) Limited Resignation
5/16/2016 B-Scada, Inc. FL Cowan, Gunteski & Co. P.A. Resignation
5/16/2016 MyDx, Inc. CA Burr Pilger Mayer, Inc. Anton & Chia, LLP Dismissal
5/16/2016 Consumer Capital Group, Inc. NY Dominic K.F. Chan & Co, CPA DCAW (CPA) Limited Resignation
5/16/2016 Differential Brands Group Inc. CA Citrin Cooperman & Company, LLP Moss Adams LLP Dismissal
5/16/2016 Sino Payments, Inc. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/16/2016 Lionbridge Technologies, Inc. MA Pricewaterhouse Coopers LLP BDO USA LLP Dismissal
5/17/2016 Viaspace Inc. CA Hein & Associates LLP MaloneBailey, LLP Dismissal
5/17/2016 MoneyGram International, Inc. TX Deloitte & Touche LLP KPMG LLP Dismissal
5/17/2016 The Knoll Retirement Savings Plan PA Baker Tilly Virchow Krause, LLP Dismissal
5/17/2016 Hooper Holmes, Inc. KS KPMG LLP Mayer Hoffman McCann P.C. Dismissal
5/18/2016 Vapor Hub International CA Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
5/18/2016 CN Dragon Corporation Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/18/2016 View Systems Inc. MD Stegman & Company Enterprise CPAs Ltd. Dismissal
5/18/2016 Magnegas Corporation FL Stevenson & Company CPAS LLC Marcum LLP Dismissal
5/19/2016 Petrogress, Inc. FL L&L CPAs, P.A. David S Friedkin CPA Dismissal
5/19/2016 Creative Medical Technologies, Inc. AZ Heaton & Company Haynie & Company Dismissal
5/19/2016 Kayak Ridge Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 United Energies Development Corporation (formerly
Hiking Ridge Acquisition Corporation)
CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Atlantis Gaming Corporation (formerly Camping Ridge Acquisition Corporation) NV Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 MQ Medical Technologies Corporation (formerly Northern Ridge Acquisition Corporation) CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Khang Gia Holdings (formerly Eastern Ridge Acquisition Corporation) CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Digital Donations Technology, Inc. (formerly Fishing Ridge Acquisition Corp.) NY Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 KT High Tech Marketing Inc. (formerly Grant Hill Acquisition Corp.) CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Sherman Hill Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Scott Hill Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Perry Hill Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Jackson Hill Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Franklin Hill Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Event Hill Acquisition Corporation CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/19/2016 Global Marine Minerals, Inc. (formerly Burney Hill Acquisition Corporation) CA Anton & Chia, LLP KCCW Accountancy Corp. Resignation
5/20/2016 MYOS RENS Technology Inc. NJ EisnerAmper LLP WithumSmith + Brown, PC Dismissal

Thanks for checking in with the Auditor Carousel.  If all this is just too much, you can catch just Big4 auditor changes on our sister site, the Big4 Auditor Carousel. Check us out on Twitter, too.

Round and round and round…

Auditor Changes week ending 15 May 2016

The fourth annual Change Your Auditor Week was a smashing success. All in, 34 companies made an auditor change. Lots of the credit goes to Albert Wong of AWC and Dominic KF Chan for combining practices to form DCAW.

Handing out a couple awards this year.

  • The multi-address diversity award goes to Asiya Pearls, which is incorporated in Nevada, headquartered in Mexico, lists its mailing address in Florida, and a former address listed for India.
  • The honesty award goes to Transatlantic Petroleum, changing from KPMG to PMB Helin Donovan as part of, “ongoing cost-cutting measures.”

Without further ado, here’s the full list of companies making a change during Change Your Auditor Week:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
5/9/2016 Sleepaid Holding Co. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/9/2016 ServiceSource International, Inc. CA Pricewaterhouse Coopers LLP Ernst & Young LLP Decline To Stand
5/9/2016 Valeritas Holdings, Inc. NJ BF Borgers CPA PC Friedman LLP Dismissal
5/9/2016 Navidea Biopharmaceuticals, Inc. OH BDO USA LLP Marcum LLP Resignation
5/9/2016 Green Standard Technologies, Inc. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/9/2016 Domain Extremes Inc. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/9/2016 Franklin Covey Co. UT Ernst & Young LLP Deloitte & Touche LLP Dismissal
5/10/2016 Verde Resources, Inc. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/10/2016 Trinet Group, Inc. CA Ernst & Young LLP Deloitte & Touche LLP Dismissal
5/10/2016 American BriVision (Holding) Corporation NY AWC LLP DCAW (CPA) Limited Resignation
5/10/2016 Iveda Solutions, Inc. AZ AWC LLP DCAW (CPA) Limited Resignation
5/10/2016 Birdbill, Inc. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/10/2016 Allegiant Travel Company NV Ernst & Young LLP KPMG LLP Dismissal
5/10/2016 Scientific Energy, Inc. NJ Dominic K.F. Chan & Co, CPA DCAW (CPA) Limited Resignation
5/10/2016 China Internet Café Holdings Group, Inc. China AWC LLP DCAW (CPA) Limited Resignation
5/11/2016 EliteSoft Global, Inc. OR MaloneBailey, LLP Yichien Yeh CPA Dismissal
5/11/2016 KaloBios Pharmaceuticals, Inc. CA Marcum LLP Horne LLP Resignation
5/11/2016 Worlds Mall, Inc. China D. Brooks and Associates CPA, PA Yu Certified Public Accountant, P.C. Dismissal
5/11/2016 Dragon Jade International Limited China AWC LLP DCAW (CPA) Limited Resignation
5/12/2016 Ember Therapeutics, Inc. NY EisnerAmper LLP LJ Soldinger Associates Dismissal
5/12/2016 Zosano, Inc. CA Weinberg & Company, P.A. Marcum LLP Decline To Stand
5/12/2016 Eco Energy Tech Asia, Ltd. Hong Kong AWC LLP DCAW (CPA) Limited Resignation
5/12/2016 Imation Corp. MN Pricewaterhouse Coopers LLP Decline To Stand
5/12/2016 Property Management Corporation of America VA Li and Company, PC Weinberg & Company Decline To Stand
5/12/2016 China Education Alliance, Inc. China AWC LLP DCAW (CPA) Limited Resignation
5/12/2016 Sancon Resources Recovery, Inc. Hong Kong Dominic K.F. Chan & Co, CPA DCAW (CPA) Limited Resignation
5/13/2016 Loton, Corp. CA Li and Company, PC Weinberg & Company Dismissal
5/13/2016 Asiya Pearls, Inc. Mexico LBB & Associates Ltd., LLP RBSM LLP Dismissal
5/13/2016 Transatlantic Petroleum Ltd. TX KPMG LLP PMB Helin Donovan, LLP Dismissal
5/13/2016 Cat9 Group Inc. China Anton & Chia, LLP Gillespie & Associates PLLC Dismissal
5/13/2016 Yangtze River Development Limited NY Dominic K.F. Chan & Co, CPA DCAW (CPA) Limited Resignation
5/13/2016 AV Homes, Inc. AZ Ernst & Young LLP Deloitte & Touche LLP Dismissal
5/13/2016 Crown Marketing CA Weinberg & Company, P.A. Resignation
5/13/2016 Salem Media Group, Inc. CA SingerLewak LLP Crowe Horwath LLP Dismissal

Every week, we track changes in audit firms. Once a year, we celebrate Chang Your Auditor Week. It’s no different from any other week, but sounds a lot more official.

You can have auditor change updates automatically delivered to your inbox by clicking the Follow button on the right. Give us a follow on twitter @auditorcarousel.

Round and round and round…

Auditor Changes week ending 08 May 2016

Auditor Carousel regulars Dominic K.F. Chan and AWC (aka the auditor formerly known as Albert Wong & Co.) combined to form super-duo DCAW Limited.

After last week’s thoughts on how auditors choose to break up, this week Apex Resources notes auditor KCC & Associates notified them by phone, and did not follow up with a letter.

Here’s the full list of changes:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
5/2/2016 Eagle Mountain Corporation TX AWC LLP DCAW (CPA) Limited Resignation
5/2/2016 Apex Resources Inc. Lithuania KCC & Associates Monte C. Waldman, CPA Resignation
5/2/2016 Andes 7 Inc. CA Anton & Chia, LLP Gillespie & Associates PLLC Resignation
5/3/2016 Erin Energy Corporation TX Grant Thornton LLP Pannell Kerr Forster of Texas, P.C. Decline To Stand
5/3/2016 HDS International Corp. IL M&K CPAs, PLLC Dismissal
5/3/2016 Crossroads Capital, Inc. NE Crowe Horwath LLP Tait, Weller & Baker LLP Dismissal
5/3/2016 Wellness Center USA, Inc. IL Li and Company, PC Weinberg & Company Dismissal
5/4/2016 Vitaxel Group Limited Malaysia KLJ & Associates, LLP AWC (CPA) Limited Dismissal
5/4/2016 InterCloud Systems, Inc. NJ Grant Thornton LLP WithumSmith + Brown, PC Dismissal
5/5/2016 Fortress Transportation and Infrastructure Investors LLC NY Pricewaterhouse Coopers LLP Ernst & Young LLP Dismissal
5/5/2016 First Priority Tax Solutions Inc. OH Li and Company, PC RBSM LLP Dismissal
5/5/2016 Searchlight Minerals Corp. NV BDO USA LLP Hein & Associates LLP Resignation
5/5/2016 New York & Company, Inc. NY Ernst & Young LLP BDO USA LLP Dismissal
5/6/2016 Looksmart Group, Inc. NV AWC LLP DCAW (CPA) Limited Resignation
5/6/2016 DS Healthcare Group, Inc. FL Marcum LLP MaloneBailey, LLP Dismissal
5/6/2016 Xcel Mobility, Inc. CA AWC LLP DCAW (CPA) Limited Resignation
5/6/2016 Advanced Biomedical Technologies, Inc. NY AWC LLP DCAW (CPA) Limited Resignation
5/6/2016 QKL Stores Inc. China AWC LLP DCAW (CPA) Limited Resignation
5/6/2016 JRSIS Healthcare Corporation China AWC LLP DCAW (CPA) Limited Resignation
5/6/2016 Transakt Ltd. Hong Kong AWC LLP DCAW (CPA) Limited Resignation

The fourth annual Change Your Auditor Week starts today. We celebrate the companies that change auditors all week long. Check out the Twitter feed @auditorcarousel for intra-week updates..

Round and round and round…

Auditor Changes week ending 01 May 2016

When auditors want to break up with you, how do they do it? In person? By phone? Email? In the case of Garb Oil & Power, it was by letter. And not just any letter. It was a certified letter. The certification made it extra official.

Here are all the changes from last week:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/25/2016 Michael James Enterprises, Inc. NJ MaloneBailey, LLP Friedman LLP Dismissal
4/25/2016 Cerebain Biotech Corp. TX Hartley Moore Accountancy Corporation Hall and Company, Inc. Resignation
4/25/2016 Garb Oil & Power Corporation FL HJ & Associates, LLP MAC Accounting Group, LLP Resignation
4/25/2016 Cartesian, Inc. KS Deloitte & Touche LLP Grant Thornton LLP Dismissal
4/25/2016 United Cannabis Corporation CO Pritchett, Siler & Hardy, P.C. BF Borgers CPA PC Dismissal
4/25/2016 Cipherloc Corporation NV MaloneBailey, LLP Dismissal
4/26/2016 Microlin Bio, Inc. NY RBSM LLP LJ Soldinger Associates Dismissal
4/26/2016 BTCS Inc. VA Marcum LLP RBSM LLP Dismissal
4/26/2016 Progressive Green Solutions, Inc. NY Li and Company, PC RBSM LLP Dismissal
4/26/2016 Franklin Covey Co. UT Ernst & Young LLP Dismissal
4/27/2016 Jishanye, Inc. China Crowe Horwath (HK) CPA Limited Simon & Edward, LLP Dismissal
4/27/2016 China Ginseng Holdings, Inc. China Cowan, Gunteski & Co. P.A. MSPC Certified Public Accountants and Advisors Resignation
4/27/2016 Plandai Biotechnology, Inc. United Kingdom Cutler & Co., LLC Pritchett, Siler & Hardy, P.C. Resignation
4/27/2016 Nxt-ID, Inc. FL KPMG LLP Marcum LLP Dismissal
4/27/2016 Science to Consumers, Inc. Germany KLJ & Associates, LLP Yichien Yeh CPA Resignation
4/27/2016 Grand Perfecta, Inc. Japan Haynie & Company MAC Accounting Group, LLP Dismissal
4/27/2016 Appliance Recycling Centers of America, Inc. MN Baker Tilly Virchow Krause, LLP Anton & Chia, LLP Decline To Stand
4/27/2016 The Hershey Company PA KPMG LLP Dismissal
4/28/2016 Aquarius Cannabis, Inc. CA Pritchett, Siler & Hardy, P.C. BF Borgers CPA PC Dismissal
4/28/2016 Andes 9 Inc. DE Anton & Chia, LLP Gillespie & Associates PLLC Resignation
4/28/2016 Andes 8 Inc. DE Anton & Chia, LLP Gillespie & Associates PLLC Resignation
4/28/2016 Eiger BioPharmaceuticals, Inc. CA Ernst & Young LLP KPMG LLP Dismissal
4/28/2016 Takung Art Co., Ltd. Hong Kong AWC (CPA) Limited Marcum LLP Dismissal
4/28/2016 Cleco Corporate Holdings LLC
Cleco Power LLC
LA Deloitte & Touche LLP Resignation
4/29/2016 Sotherly Hotels Inc.
Sotherly Hotels LP
VA Grant Thornton LLP Dixon Hughes Goodman LLP Dismissal
4/29/2016 CoConnect, Inc. NV PLS CPA Resignation
4/29/2016 Wisdom Homes of America, Inc. TX Tarvaran, Askelson & Company, LLP Dale Matheson Carr-Hilton Labonte LLP Dismissal
4/29/2016 Provectus Biopharmaceuticals, Inc. TN BDO USA LLP Marcum LLP Dismissal

The fourth annual Change Your Auditor Week kicks off one week from today. More details to come.

Round and round and round…

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

Get Auditor Carousel updates automatically delivered to your inbox by clicking the Follow button to the right. You can follow on twitter, too @auditorcarousel.

Round and round and round…

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

Thanks for stopping by. Click the Follow button above and to the right to have Auditor Carousel updates automatically sent. You can also follow us on twitter @auditorcarousel.

Round and round and round…

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

You can have Auditor Carousel updates automatically sent to you by clicking the Follow button to the right.

If every single auditor change is just too much for you, try our sister site, Big4 Auditor Carousel, which tracks…you guessed it…only Big4 auditor changes.

Round and round and round…

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…

Follow

Get every new post delivered to your Inbox.

Join 109 other followers