Item 4.01 Change in Registrant
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s Certifying Accountant
The practice of Jimmy P. Lee, CPA P.C. (
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JPL CPA
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), the Company
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s independent registered public accounting firm, entered into a joint venture agreement with JLKZ CPA LLP in a transaction pursuant to which JPL CPA merged its Audit operations into JLKZ CPA LLP and certain of the professional staff of JPL CPA joined JLKZ CPA LLP as employees of JLKZ CPA LLP. Accordingly, effective January 7, 2019, JPL CPA resigned as the Company's independent registered public accounting firm and JLKZ CPA LLP became the Company's independent registered public accounting firm. This change in the Company's independent registered public accounting firm was approved by the Company's Board of Directors on January 7, 2019.
The principal accountant's reports of JPL CPA on the financial statements of the Company as of and for the years ended August 31, 2018 and 2017 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the years ended August 31, 2018 and 2017, and through January 7, 2019, there were no disagreements with JPL CPA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which if not resolved to JPL CPA
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satisfaction would have caused it to make reference thereto in connection with its reports on the financial statements for such years. During the years ended August 31, 2018 and 2017, and through January 7, 2019, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K.
During the years ended August 31, 2018 and 2017, and through January 7, 2019, the Company did not consult with JLKZ CPA LLP with respect to any of (
i
) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company's financial statements; or (iii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or an event of the type described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided JPL CPA with a copy of the foregoing disclosure and requested JPL CPA to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made therein. A copy of such letter, dated
January 7, 2019
, furnished by Jimmy P. Lee, CPA P.C., is filed as Exhibit 16.1 to this Current Report on Form 8-K.