Attached files
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EX-16 - DRC Ventures ,Inc. | v196323_ex16.htm |
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): September 8, 2010
DRC
VENTURES, INC.
|
(Exact
name of registrant as specified in its
charter)
|
Nevada
|
000-53326
|
26-2423443
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
497 Willow Street, South Hempstead, New
York
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11550
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(Address
of principal executive offices)
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(Zip
Code)
|
Registrant’s
telephone number, including area code: (516) 594-4401
(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:
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425).
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12).
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)).
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)).
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Item 4.01. Changes in Registrant’s
Certifying Accountant
Effective September 6, 2010, the
client-auditor relationship between DRC Ventures, Inc. (the "Company") and Traci
J. Anderson, CPA (the "Former Auditor") was terminated upon the dismissal of the
Former Auditor as the Company’s independent registered accounting
firm. Effective September 6, 2010, the Company engaged
Silberstein Ungar, PLLC (“SUP”) as its principal independent
public accountant to audit the Company's financial statements for the year
ending June 30, 2010. The decision to change accountants was
recommended and approved by the Company's Board of Directors and was
necessitated as a result of the revocation of the registration of the
Former Auditors by the
Public Company Accounting Oversight Board (“PCAOB”) for violations of
rules and auditing standards in auditing financial statements, PCAOB rules and
quality control standards.
The Former Auditor's reports on the
financial statements of the Company for the years ended June 30, 2009 and 2008,
did not contain any adverse opinion or disclaimer of opinion and was not
qualified or modified as to uncertainty, audit scope or accounting
principles.
The reports of the Former Auditor on
the Company’s financial statements as of and for the years ended June 30, 2009
and June 30, 2008, contained an explanatory paragraph which noted that there was
substantial doubt as to the Company’s ability to continue as a going
concern.
During the years ended June 30, 2009 and
2008 and in the subsequent interim periods through the date the relationship
with the Former Auditor concluded, there were no disagreements between the
Former Auditor and the Company on a matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreement, if not resolved to the satisfaction of the Former Auditor would
have caused the Former Auditor to make reference to the subject matter of the
disagreement in connection with its report on the Company's financial
statements.
There have been no reportable events as
defined in Item 304(a)(1)(v) of Regulation S-K during the years ended June 30,
2009 and 2008 or in any subsequent interim periods through the date the
relationship with the Former Auditor ceased.
The Company has authorized the Former
Auditor to respond fully to any inquiries of the Company's new audit firm, SUP,
relating to its engagement as the Company's independent
accountant. The Company has requested that the Former Auditor review
the disclosure contained in this Report and the Former Auditor has been given an
opportunity to furnish the Company with a letter addressed to the Commission
containing any new information, clarification of the Company's expression of its
views, or the respect in which it does not agree with the statements made by the
Company herein. The Company will file such letter with the Securities
and Exchange Commission (the "Commission") as an exhibit to an amendment to this
Current Report on Form 8-K/A within two days of receiving it but no later than
ten days after the filing of this Report.
The Company has not previously consulted
with SUP regarding either (i) the application of accounting principles to a
specific completed or contemplated transaction; (ii) the type of audit opinion
that might be rendered on the Company's financial statements; or (iii) a
reportable event (as provided in Item 304(a)(1)(v) of Regulation S-K) during the
years ended June 30, 2009 and June 30, 2008, and any later interim period,
including the interim period up to and including the date the relationship with
the Former Auditor ceased. SUP has reviewed the disclosure required
by Item 304 (a) before it was filed with the Commission and has been provided an
opportunity to furnish the Company with a letter addressed to the Commission
containing any new information, clarification of the Company's expression of its
views, or the respects in which it does not agree with the statements made by
the Company in response to Item 304 (a). SUP has elected not to
furnish a letter to the Commission.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits. The
following exhibit is being filed herewith this Current Report on Form
8-K
16.1
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Letter
from Traci J. Anderson to the Securities and Exchange Commission dated
September 8, 2010.
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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.
DRC
VENTURES, INC.
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Dated:
September 9, 2010
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By:
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/s/ Ronald
Williams
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Name:
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Ronald
Williams
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Title:
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President
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