ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
Previous independent registered public accounting firm
(a) On February 24, 2017, ABCO Energy, Inc. (the “Registrant” or the “Company”) notified Thayer O’Neal Company, LLC (“TON”) that TON was terminated as the Registrant’s independent registered public accounting firm. Except as noted in the paragraph immediately below, the report of TON on the Company’s financial statements for the year ended December 31, 2015 and for the period then ended did not contain an adverse opinion or disclaimer of opinion, and such report was not qualified or modified as to uncertainty, audit scope, or accounting principle.
The report of TON on the Company’s financial statements as of and for the year ended December 31, 2015, contained the explanatory paragraphs which noted that there was substantial doubt as to the Company’s ability to continue as a going concern as the Company has reported a net loss of for the year ended December 31, 2015 and had an accumulated deficit as of December 31, 2015, that raises doubt about its ability to continue as a going concern .
From January 1, 2015, until February 24, 2017, the Company has not had any disagreements with TON on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to TON‘s satisfaction, would have caused them to make reference thereto in their report on the Company’s financial statements for such period.
From January 1, 2015, until February 24, 2017, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided TON with a copy of this disclosure set forth under this Item 4.01 and was requested to furnish a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements.
A copy of the letter from TON is attached hereto as Exhibit 16.1
New independent registered public accounting firm
On February 25, 2017, (the “Engagement Date”), the Company engaged FRUCI & ASSOCIATES II, PLLC (“Fruci “) as its independent registered public accounting firm for the Company’s fiscal year ended December 31, 2016. The decision to engage Fruci as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.
During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with Fruci regarding either:
1.
|
the application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that Fruci concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or
|
2.
|
any matter that was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K and the related instructions thereto) or a reportable event (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).
|