News Alert: Current Report Filing (8-k)
Item 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
Previous independent registered public accounting firm
From July 13, 2016 through March 19, 2017, Anton & Chia, LLP (“AC”) were the independent registered public accounting firm of Cyclone Power Technologies, Inc., a Florida corporation (the”Company”). On March 19, 2017, we notified AC we were terminating it as our independent certifying accountant.
None of our previous audit reports, in particular the audit reports for the fiscal years ended December 31, 2015 and December 31, 2014, contained any adverse opinion or disclaimer of opinion, nor were qualified or modified as to uncertainty, audit scope, or accounting principles, except for going concern qualification on the Company’s financial statement for the fiscal years ended December 31, 2015 and 2014.
During the Company’s two most recent fiscal years, the subsequent interim periods thereto, and through March 19, 2017, there were no disagreements (as defined in Item 304 of Regulations S-K) with AC 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 CA would have caused it to make reference in connection with its opinion to the subject matter of the disagreement. Further, during the Company’s two most recent fiscal years, the subsequent interim periods thereto, and through March 19, 2017, there were no reportable events (as defined in Item 304(a)(a)(v) of Regulation S-K).
We furnished AC with a copy of this disclosure on March 22, 2017, providing AC with the opportunity to furnish the Company with a letter addressed to the Commission stating whether it agrees with the statements made by the Company herein in response to Item 304(a) of Regulation S-K and, if not, stating the respect in which AC does not agree. A copy of AC response is filed as exhibit 16.1 to this report.
New independent registered public accounting firm
On March 19, 2017, we engaged Soles, Heyn & Company, Certified Public Accountant, 120 S. Olive Avenue, Suite 501, W. Palm Beach, FL 33401, telephone 561-429-6377, an independent registered public accountant, as our principal independent accountant with the approval of our board of directors.
During the two most recent fiscal years and through the date of engagement, we have not consulted with Soles, Heyn & Company regarding either:
1. The application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and neither a written report was provided to us or oral advice was provided that Soles, Heyn & Company concluded was an important factor considered by us in reaching a decision as to the accounting, auditing or financial reporting issue: or
2. Any matter that was either subject of disagreement or event, as defined in Item 304(a)(1)(iv)(A) of Regulation S-K and the related instruction to Item 30r of Regulation S-K, or a reportable event, as that term is explained in Item 304(a)(1)iv)(A) of Regulation S-K.
Item 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW
Until such time as the un-audited and unreviewed 10-Q’s filed for Quarter 1, 2, & 3 of 2016, have been reviewed by Soles, Heyn & Company, Certified Public Accountant,, they are not to be relied on by investors. AC did not complete interim reviews for the March 31, June 30 and September 30, 2016. They were filed without their approval, knowledge and permission that the reviews were completed.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
