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) July 23rd, 2014
AMERI METRO, INC
(Exact name of registrant as specified in its charter)
Delaware | 000-54546 | 45-1877342 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
2575 Eastern Blvd. #211; York, PA 17402
(Address of principal executive offices) (Zip Code)
717-701-7726
Registrants telephone number, including area code
(Former name or former address, if changed since last report.)
ITEM 4.01 Changes in Registrant's Certifying Accountant
In its most recent meeting, management reviewed the new proposals and engagement letter that the Company had received from various accounting firms, and also discussed the fact that the company had not received a new engagement letter from the current accountants. As per its review, management decided to hire a different accounting firm for the new year. On July 23, 2014 the former accountants were dismissed.
The prior accountant's report on the financial statements for the past two years (or for the period covered since inception of the Company did not contain any adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles.
In connection with the audits of the Company's financial statements for the fiscal years ended July 31st, 2013 and 2012, December 31, 2011 and 2010, and in subsequent interim period through January 31st,2014, there were no disagreements with Silberstein Ungar, PLLC or the previous accountants on any matter of accounting principles or practices, financial statement disclosure or auditing scope and procedure which, if not resolved to the satisfaction of the former accountant, would have caused it to make reference to the subject matter of the disagreement in connection with its reports. For the recent interim April 30, 2014 period, management had a difference in opinion with the accounting firm as regards to the valuation of shares, which led to the accountants not being satisfied with the financials that were filed. The accountants have recommended that the Company hire an outside share valuation company to address the issue. The Company had agreed to comply. Also, the Company did not receive an engagement letter from its previous accountants, Silberstein Ungar, PLLC.
During the two most recent fiscal years and the subsequent interim period, the Company has not, nor has anyone on its behalf, consulted with the newly engaged accountants in regard to the Company nor in regard to the application of accounting principles to a specified transaction or any matter subject to any disagreement or a reportable event, of which there were none.
The new accountants are:
MALONEBAILEY, LLP
9801 Westheimer Suite 1100
Houston, TX 77042
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 hereunder duly authorized.
AMERI METRO, INC.
Date: August 1, 2014 By:/s/Naresh Mirchandani
Naresh Mirchandani
CFO