Attached files
| file | filename |
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| EX-16.0 - PwrCor, Inc. | v210602_ex16-0.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): February 9,
2011
RECEIVABLE
ACQUISITION & MANAGEMENT CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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001-09370
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13-3186327
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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2
Executive Drive, Suite 630 Fort Lee, NJ 07024
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code: (201) 677-8904
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
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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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.
Previous
independent registered public accounting firm
On
February 7, 2011 (the “Dismissal Date”), Receivable Acquisition & Management
Corporation (the “Company”) advised Friedman LLP (the “Former Auditor”)
that it was dismissed as the Company’s independent registered public accounting
firm. The decision to dismiss the Former Auditor as the Company’s
independent registered public accounting firm was approved by the Company’s
Board of Directors on February 7, 2011. The reports of the Former
Auditor on the Company’s financial statements for the years ended September 30,
2010 and 2009 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 principle.
During
the years ended September 30, 2010 and 2009, and through the Dismissal Date, the
Company has not had any disagreements with the Former Auditor on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure, which disagreements, if not resolved to the Former Auditor’s
satisfaction, would have caused them to make reference thereto in their reports
on the Company’s consolidated financial statements for such years.
During
the years ended September 30, 2010 and 2009, and through the Dismissal Date,
there were no reportable events, as defined in Item 304(a)(1)(v) of
Regulation S-K.
The
Company has requested that Former Auditor furnish it with a letter addressed to
the Securities and Exchange Commission stating whether it agrees with the above
statements. A copy of this letter is attached hereto to this Form 8K
as Exhibit 16.0
New
independent registered public accounting firm
On
February 9, 2011 (the “Engagement Date”), the Company engaged Silberstein Ungar
PLLC (“New Auditor”) as its independent registered public accounting firm for
the Company’s fiscal year ended September 30, 2011. The decision to engage the
New Auditor 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 the New Auditor regarding either:
●
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 the New Auditor concluded was an
important factor considered by the Company in reaching a decision as to the
accounting, auditing or financial reporting issue; or
●
any matter that was either the subject of a disagreement (as defined in
Regulation S-K, Item 304(a)(1)(iv) and the related instructions) or reportable
event (as defined in Regulation S-K, Item 304(a)(1)(v)).
Item
9.01 Financial Statements and Exhibits.
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(a)
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Financial
statements of businesses acquired.
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Not
applicable
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(b)
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Pro
forma financial information.
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Not
applicable
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(c)
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Shell
company transactions.
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Not
applicable
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(d)
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Exhibits
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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.
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Receivable
Acquisition & Management Corporation
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Date:
February 9, 2011
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By:
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/s/ Max
Khan
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Max
Khan
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Chief
Executive Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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16.0
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Notification
letter of Friedman LLP
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