Item 4.01 Changes in Registrants Certifying Accountant.
(a)
Resignation of independent registered public accounting firm
Pacific Vegas Global Strategies, Inc. (the
Company
) has been notified by its former independent registered public accounting firm, Mazars CPA Limited, Hong Kong (the
Former Auditors
), that the Former Auditors have determined to exit from the U.S. Securities and Exchange Commission audit markets in Hong Kong. The Companys Board of Directors (the
Board
) approved the resignation of the Former Auditors effective November 6, 2017.
The Former Auditors audit report on the Companys consolidated financial statements for each of the past two fiscal years did not contain an adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles, except that the Former Auditors reports on the Companys financial statements for the fiscal years ended December 31, 2016 and 2015 included an explanatory paragraph describing the uncertainty as to the Companys ability to continue as a going concern.
During the Companys two most recent fiscal years and through the subsequent interim period on or prior to June 30, 2017, (a) there were no disagreements between the Company and the Former Auditors on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the Former Auditors, would have caused the Former Auditors to make reference to the subject matter of the disagreement in connection with its report; and (b) no reportable events as set forth in Item 304(a)(1) of Regulation S-K have occurred.
Pursuant to Item 304(a)(3) of Regulation S-K, the Company has provided the Former Auditors with a copy of the disclosures in this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission (the
SEC
) and has requested that the Former Auditors furnish it with a letter addressed to the SEC stating whether the Former Auditors agree with the above statements and if not, stating the respects in which it does not agree. A copy of such letter, dated November 6, 2017, is filed as Exhibit 16.1 hereto.
(b)
Engagement of new independent registered public accounting firm
The Board has appointed Moore Stephens CPA Limited (the
New Auditors
) as the Companys new independent auditors effective November 6, 2017.
During the Companys two most recent fiscal years and subsequent interim period on or prior to November 6, 2017, the Company has not consulted with the New Auditors regarding the application of accounting principles to a specified transaction, either completed or proposed, or any of the matters or events set forth in Item 304(a)(2) of Regulation S-K.