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EX-16.1 - EXHIBIT 16.1 LETTER FROM AUDITOR - Lord Global Corp | f8ka031114_ex16z1.htm |
FORM 8K/A CURRENT REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
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 20, 2014
Bigfoot Project Investments Inc.
(Exact Name of Registrant as Specified in Its Charter)
NEVADA
(State or Other Jurisdiction of Incorporation)
333-186706 |
| 45-3942184 |
(Commission File Number) |
| (IRS Employer Identification No.) |
|
|
|
570 El Camino Real NR-150 Redwood City, CA |
| 94063 |
(Address of Principal Executive Offices) |
| (Zip Code) |
(858) 216-6554
(Registrant's Telephone Number, Including Area Code)
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 (see General Instruction A.2. below):
. Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
..Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
. Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
..Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a)
On August 1, 2013, Board of Directors of the Registrant dismissed Sam Kan & Company, its independent registered public account firm.
The SEC denied Sam Kan & Company the privilege of appearing or practicing before the commission as an accountant. In connection with audits and quarterly reviews of four microcap issuers, Sam Kan & Co. failed to comply with auditing standards issued by the Public Company Accounting Oversight Board (PCAOB). Sam Kan & Company repeatedly engaged in unreasonable conduct that resulted in violations of applicable professional standards and demonstrated a lack of competence to practice before the Commission. Sam Kan & Companys improper professional conduct extended over an 18-month period (November 2010 to May 2012) and was inconsistent with seven PCAOB standards. Sam Kan & Company failed to: (1) comply with requirements for engagement quality reviews; (2) perform appropriate procedures to ascertain the occurrence of subsequent events; (3) properly document procedures relating to the evaluation of the adequacy of disclosure in the financial statements; (4) prepare engagement completion documents; (5) obtain sufficient evidence to support the firms audit opinion; (6) properly supervise audits; and (7) obtain written representations from management. Additionally, Sam Kan & Company willfully violated Rule 2-02(b)(1) of Regulation S-X because each audit report at issue falsely claimed that the audit had been conducted in compliance with PCAOB standards.
On the same date, August 1, 2013, the accounting firm of KLJ & Associates, LLPs was engaged as the Registrants new independent registered public account firm. The Board of Directors of the Registrant and the Registrant's Audit Committee approved of the dismissal of Sam Kan & Company and the engagement of KLJ & Associates, LLP as its independent auditor. None of the reports of Sam Kan & Company on the Company's financial statements for either of the past two years or subsequent interim period contained an adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles, except that the Registrant's audited financial statements contained in its S-1 for the period ended July 31, 2012 contain a going concern qualification in the registrant's audited financial statements.
During the registrant's two most recent fiscal years and the subsequent interim periods thereto, there were no disagreements with Sam Kan & Company whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Sam Kan & Company's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the registrant's financial statements.
The registrant has requested that Sam Kan & Company furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements.
(b)
On December 1, 2013, the registrant engaged KLJ & Associates, LLP as its independent accountant. During the two most recent fiscal years and the interim periods preceding the engagement, the registrant has not consulted KLJ & Associates, LLPs regarding any of the matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-B.
ITEM 7.01 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a)
Not Applicable.
(b)
Not Applicable.
(c)
Exhibits
No. |
| Exhibits |
|
|
|
16.1 |
| Letter from Sam Kan & Company, dated March 10, 2014, to the Securities and Exchange Commission regarding statements included in this Form 8-K. |
2
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.
Date: March 10, 2014
By: /s/ Carmine T. Biscardi
Name: Carmine T. Biscardi
Title: President
EXHIBIT INDEX
No. |
| Exhibits |
|
|
|
16.1 |
| Letter from Sam Kan & Company, dated March 10, 2014, to the Securities and Exchange Commission regarding statements included in this Form 8-K. |
3