On February 21, 2012, Board of Directors of Harmony Metals, Inc. (the “Company”) approved to terminate Lake & Associates, CPA’s LLC (“LACPA”) as the Company’s independent registered public accounting firm.
Concurrent with this action, Board of Directors of the Company ratified the appointment of Marcum, LLP (“Marcum”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011 and 2010. Marcum is located at 750 Third Avenue, 11th Floor, New York, NY 10017.
The Company’s consolidated financial statements since inception through the fiscal year ended September 30, 2011 were audited by LACPA. The LACPA’s reports on our financial statements for each of the past two fiscal years did not contain an adverse opinion, a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended September 30, 2011 and 2010 and through February 21, 2012, (a) there were no disagreements with LACPA on any matter of accounting principles or practices, financial statement disclosure, auditing scope or procedure, which disagreements, if not resolved to the satisfaction of LACPA, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the financial statements for such years and (b) there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided LACPA with a copy of this Form 8-K/A prior to its filing with the SEC and requested LACPA to furnish a letter addressed to the SEC stating whether it agrees with the statements made above. To be filed herewith as Exhibit 16.1 is a copy of LACPA's letter to the SEC dated March 7, 2012.
During the fiscal years ended September 30, 2011 and 2010 and through February 21, 2012, neither the Company nor anyone on the Company's behalf consulted with Marcum regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements or (ii) any matter that was either the subject of a disagreement or a reportable event as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has authorized LACPA to respond fully to all inquiries of Marcum.