Item 4.01
|
Changes in Registrants Certifying
Accountant.
|
Previous independent registered public accounting
firm
TransAKT Ltd. (we, us, our, the Company) was notified
that, effective April 30, 2016, our independent registered public account firm,
AWC (CPA) Limited (AWC) has merged (the
Merger
) with Dominic K.F.
Chan & Co (DKFC) and formed DCAW (CPA) Limited (DCAW), which is
registered with the Public Company Accounting Oversight Board (PCAOB).
As a result of the Merger, AWC resigned as our independent
registered public accounting firm on April 30, 2016.
The audit reports of AWC for the financial statements of our
Company for the year ended December 31, 2015 did not contain any adverse opinion
or disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles, except to indicate that there was
substantial doubt about our ability to continue as a going concern..
In connection with the audits of our financial statements for
the fiscal year ended December 31, 2015 and through the date of this Current
Report, there were: (i) no disagreements with AWC on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreement(s), if not resolved to the satisfaction of AWC,
would have caused it to make reference to the subject matter of the
disagreement(s) in connection with its reports, and (ii) no reportable events of
the type described in Item 304(a)(1)(v) of Regulation S-K.
AWC was neither engaged as the principal accountant to audit
our financial statements (or the financial statements of any subsidiary of our
Company) for our fiscal year ended December 31, 2014, nor relied upon by our
principal public accountant during that period.
New independent registered public accounting
firm
On May 5, 2016, we engaged the successor entity of AWC, DCAW
(CPA) Limited, as our independent registered public accounting firm. The
engagement of DCAW was approved by our board of directors on May 5, 2016.
During our two most recent fiscal years and through May 5,
2016, neither our Company nor anyone on its behalf consulted with DCAW regarding
(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, and neither a written report nor oral advice
was provided that DCAW concluded was an important factor considered by our
Company in reaching a decision as to the accounting, auditing or financial
reporting issue; or (ii) any matter that was either the subject of a
disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K and its related
instructions, or a reportable event as described in Item 304(a)(1)(v) of
Regulation S-K.
AWC furnish us with a letter addressed to the Securities and
Exchange Commission stating whether or not AWC agrees with the statements made
therein. A copy of such letter, dated May 6, 2016, furnished by AWC is filed as
Exhibit 16.1 to this Form 8-K.
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