Friday, October 02, 2015 2:17:02 PM
On September 17, 2015, the Securities and Exchange Commission issued an order instituting a public administrative and cease-and-desist order against Terry L. Johnson, CPA, the previous auditor for the registrant who resigned as the registrant’s auditor on April 22, 2015. On July 7, 2015, the PCAOB withdrew the registration of Terry L. Johnson, CPA. As a result of the Commission’s order, Terry L. Johnson, CPA was denied the privilege of appearing or practicing before the Commission for failing to comply with PCAOB auditing standards. Terry L. Johnson, CPA was also cited for the issuance of audit reports that falsely stated that Terry L. Johnson, CPA conducted its audits in accordance with the standards of PCAOB.
On September 29, 2015, the registrant was made aware of the Commission’s order dated September 17, 2015, against Terry L. Johnson, CPA. Due to the Commission’s order, the registrant can no longer include the audit reports of Terry L. Johnson, CPA in the registrant's filings with the Commission.
Integral spotted the potential problem over a year ago:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101240611
And onemanband weighed in here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117062899
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