Item 4.01. Change in Registrant’s Certifying Accountant.
(a) Previous independent registered public accounting firm:
As previously disclosed in the Company’s
Current Report on Form 8-K filed on January 22, 2018, by letter dated January 16, 2018, the independent registered public accounting
firm, BDO USA, LLP (“BDO”), of Sundance Strategies, Inc. (the “Company”) indicated that it will not stand
for re-election after completion of the audit of the Company’s consolidated financial statements for the year ended March
31, 2017. The Company’s Board of Directors supports BDO not standing for re-election after the completion of the audit. As
of April 12, 2018, BDO is no longer the independent registered accounting firm to audit the Company’s financial statements.
BDO was engaged by the Company on July 26, 2016.
Prior to that time, the Company was audited by Mantyla McReynolds, LLC, whose partners joined BDO on July 1, 2016.
The audit report of BDO on the Company’s
financial statements for the fiscal year ended March 31, 2017, the only year for which BDO audited the Company’s financial
statements, contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope
or accounting principles.
From the date of BDO’s engagement on July
26, 2016 through the date of the filing of this Form 8-K, there were: (i) no disagreements within the meaning of Item 304(a)(1)(iv)
of Regulation S-K and the related instructions between the Company and BDO 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 BDO,
would have caused BDO to make reference to the subject matter of the disagreements in connection with BDO’s report on the
Company’s financial statements; and (ii) no reportable events, as that term is described in Item 304(a)(1)(v) of Regulation
S-K, except with respect to material weaknesses in the Company’s internal controls over financial reporting as disclosed
in the Form 10-K filed April 12, 2018.
The Company has furnished to BDO a copy of the
disclosures made herein. BDO has furnished a letter indicating that it agrees with the disclosures made herein, which letter is
included herein as Exhibit 16.1.
(b) New independent registered public accounting firm:
On April 13, 2018, the Board approved the appointment
of Sadler, Gibb & Associates, LLC (“Sadler Gibb”) as the Company’s independent registered public accounting
firm to audit the Company’s financial statements for the year ended March 31, 2018.
During the two most recent fiscal years and
through April 13, 2018, the Company has not consulted with Sadler Gibb regarding either (1) the application of accounting
principles to a specified transaction, either contemplated or proposed, or the type of audit opinion that might be rendered on
the financial statements of the Company, or (2) any matter that was the subject of a disagreement or a reportable event described
in Items 304(a)(1)(iv) or (v), respectively, of Regulation S-K or the type of audit opinion that might be rendered on the
financial statements of the Company.