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Item 4.01 Changes in Registrant’s Certifying Accountant
On April 23, 2021, Phoenix Rising Companies, a Nevada corporation (the “Company”), received notice from KCCW Accountancy Group (“KCCW Accountancy”), that KCCW Accountancy had resigned as the independent registered public accounting firm of the Company.
Effective as of January 11, 2021, the Company had engaged KCCW Accountancy Corp. to audit its financial statements for the year ended December 31, 2020. However, KCCW never provided any auditing or review services for the Company, including for the year ended December 31, 2020.
For the year ended December 31, 2020, the Company had no disagreement with KCCW Accountancy on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of KCCW Accountancy, would have caused them to make reference thereto in their prospective report on the Company’s financial statements for the year ended December 31, 2020. There were no reportable events, as listed in Item 304(a)(1)(v) of Regulation S-K.
The Company provided KCCW Accountancy a copy of the above disclosures and requested KCCW Accountancy to furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. KCCW Accountancy’s notice of resignation to the Company is attached as Exhibit 16.1 to this Current Report on Form 8-K.
The Company is presently searching for a new independent registered public accounting firm.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit
Description
16.1
Letter from KCCW Accountancy Group, dated April 29, 2021
2
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.
Phoenix Rising Companies
Date: April 29, 2021
By:
/s/ Ding-Shin “DS” Chang
Name:
Ding-Shin “DS” Chang
Title:
President and Chief Executive Officer (principal executive officer, principal financial officer and principal accounting officer)
