Current Report Filing (8-k)
October 09 2020 - 5:31PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October 9, 2020
DANIELS
CORPORATE ADVISORY COMPANY, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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333-169128
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04-3667624
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(State
of Other Jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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Parker
Towers, 104-60
Queens
Boulevard
12th
Floor
Forest
Hills, New York
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11375
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (347) 242-3148
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-k filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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Written communications
pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting material pursuant to Rule
14a-12 under the Exchange Act
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[ ]
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Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock
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DCAC
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OTC
Market
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Item 4.01 - Change in Registrants Certifying Accountant
Previous
independent registered public accounting firm
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(i)
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On
October 9, 2020, Daniels Corporate Advisory Company, Inc. (the “Company”)
dismissed Thayer O’Neal Company, LLC as its independent registered public accounting
firm, because Thayer O’Neal Company, LLC applied for de-registration
from the PCAOB.
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(ii)
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The
reports of Thayer O’Neal Company, LLC regarding the Company’s financial statements for the fiscal years ended
November 30 2019 and 2018 did not contain an adverse opinion or disclaimer of opinion and were not modified as to uncertainty,
audit scope, or accounting principles, except each report did contain an explanatory paragraph related to the Company’s
ability to continue as a going concern.
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(iii)
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The
Company’s Board of Directors participated in and approved the decision to change independent registered public accounting
firms.
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(iv)
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During
the Company’s fiscal years November 30, 2019 and 2018, and through October 9,
2020, there were (i) no disagreements with Thayer O’Neal Company, LLC 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 Thayer
O’Neal Company, LLC would have caused Thayer O’Neal Company, LLC to make
reference to the subject matter of the disagreements in connection with its report, and
(ii) with the exception of material weaknesses related to our internal control over financial
reporting, no “reportable events” as that term is defined in Item 304(a)(1)(v)
of Regulation S-K.
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(v)
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The
Company provided Thayer O’Neal Company, LLC with a copy of the foregoing disclosures and requested Thayer O’Neal
Company, LLC to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not
Thayer O’Neal Company, LLC agrees with the disclosures. A copy of the letter provided by Thayer O’Neal Company,
LLC is filed as Exhibit 16.1 to this Current Report on Form 8-K.
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(b)
New Independent Registered Public Accounting Firm
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(1)
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Effective
October 9, 2020, the Company engaged TPS Thayer, LLC Certified Public Accountants
(“TPS”) as the Company’s new independent registered public accounting
firm. During the two most recent fiscal years and through October 9, 2020, the
Company had not consulted with TPS regarding any of the following:
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(i)
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The
application of accounting principles to a specific transaction, either completed or proposed;
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(ii)
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The
type of audit opinion that might be rendered on the Company’s financial statements, and none of the following was provided
to the Company: (a) a written report, or (b) oral advice that Thayer concluded was an important factor considered by the Company
in reaching a decision as to accounting, auditing or financial reporting issue; or
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(iii)
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Any
matter that was subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K.
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Item 9.01 Financial Statements and Exhibits
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.
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DANIELS
CORPORATE ADVISORY COMPANY, INC.
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Date:
October 9, 2020
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By:
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/s/
Nicholas Viola
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Nicholas
Viola
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Chief Executive Officer
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Daniels Corporate Advisory (CE) (USOTC:DCAC)
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