RCVA.. $0.01
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 9, 2011
RECEIVABLE ACQUISITION & MANAGEMENT CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 001-09370 13-3186327
(State or other jurisdiction
of incorporation) (Commission File Number) (IRS Employer
Identification No.)
2 Executive Drive, Suite 630 Fort Lee, NJ 07024
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code: (201) 677-8904
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 4.01 Changes In Registrant's Certifying Accountant.
Previous independent registered public accounting firm
On February 7, 2011 (the “Dismissal Date”), Receivable Acquisition & Management Corporation (the “Company”) advised Friedman LLP (the “Former Auditor”) that it was dismissed as the Company’s independent registered public accounting firm. The decision to dismiss the Former Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors on February 7, 2011. The reports of the Former Auditor on the Company’s financial statements for the years ended September 30, 2010 and 2009 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle.
During the years ended September 30, 2010 and 2009, and through the Dismissal Date, the Company has not had any disagreements with the Former Auditor on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the Former Auditor’s satisfaction, would have caused them to make reference thereto in their reports on the Company’s consolidated financial statements for such years.
During the years ended September 30, 2010 and 2009, and through the Dismissal Date, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has requested that Former Auditor furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of this letter is attached hereto to this Form 8K as Exhibit 16.0
New independent registered public accounting firm
On February 9, 2011 (the “Engagement Date”), the Company engaged Silberstein Ungar PLLC (“New Auditor”) as its independent registered public accounting firm for the Company’s fiscal year ended September 30, 2011. The decision to engage the New Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.
During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with the New Auditor regarding either:
? application of accounting principles to any 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 was provided to the Company nor oral advice was provided that the New Auditor concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or
? any matter that was either the subject of a disagreement (as defined in Regulation S-K, Item 304(a)(1)(iv) and the related instructions) or reportable event (as defined in Regulation S-K, Item 304(a)(1)(v)).
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable
(b) Pro forma financial information.
Not applicable
(c) Shell company transactions.
Not applicable
(d) Exhibits
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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 hereunto duly authorized.
Receivable Acquisition & Management Corporation
Date: February 9, 2011 By: /s/ Max Khan
Max Khan
Chief Executive Officer
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EXHIBIT INDEX
Exhibit
No. Description
16.0 Notification letter of Friedman LLP
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February 7, 2011
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-7561
File Number 001-09370
Dear Sirs/Madams:
We have read Item 4.01 of Receivable Acquisition & Management Corporation Form 8-K dated February 7, 2011 and we agree with the statements made concerning our firm.
Sincerely,
Friedman LLP
FLLP:rs
HG-2011:02:07:SEC:Ltr:Receivable:Acquisition
