QREE Quantum Energy Inc (PK)

Item 4.01 - Changes In Registrant’s Certifying Accountant

 

On October 20, 2022, the Board of Directors of Quantum Energy Inc. (the “Registrant” or the “Company”) voted to change its auditor from BF Borgers, CPA PC, located at 5400 W Cedar Ave, Lakewood, CO 80226 (“BFB”) to Macias Gini & O'Connell, LLP (“MGO”). Other than as noted in the paragraph below, the report of BFB on the Company’s consolidated financial statements for the years ended February 28, 2022 and 2021 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principles, except to indicate that there was substantial doubt about the Company’s ability to continue as a going concern. During the fiscal years ended February 28, 2022 and 2021 and through to October 20, 2022, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with BFB on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to BFB’s satisfaction, would have caused it to make reference thereto in its reports on the Company’s consolidated financial statements for such periods.

 

On October 20, 2022, the Registrant engaged MGO as the registered independent public accountant for the fiscal year ending December 31, 2022. The decision to appoint MGO was approved by the registrant’s Board of Directors on October 20, 2022. During the registrant’s two most recent fiscal years and the subsequent interim period up through the date of engagement of MGO, neither the registrant nor anyone on its behalf consulted MGO regarding the application of accounting principles to a specific completed or contemplated transaction, or as to the type of audit opinion that might be rendered on the registrant’s financial statements. Further, MGO has not provided the registrant with written or oral advice that was an important factor that the registrant considered in reaching a decision as to any accounting, auditing or financial reporting issues, or any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.