8K Item 4.01 – Changes in Registrant ’ s Certifying Accountant
On April 13, 2011, Pacific Gold Corp. (the “ Company ” ) notified Jewett Schwartz Wolfe & Associates (“JSW”), the Company’s independent registered public accounting firm, that the Company had dismissed the firm because the Company desired to retain a different firm who could meet the Company’s timeline for filing its overdue SEC reports. The decision to dismiss JSW was approved by the Company’s Board of Directors.
During the Company’s period of engagement from October 22, 2010 through April 13, 2011, there were no disagreements between the Company and JSW on any matter of accounting principles or practices, financial statement disclosure, or procedure, which disagreements, if not resolved to the satisfaction of JSW would have caused it to make a reference to the subject matter of the disagreements in connection with their review on the Company’s financial statements for such periods. There were no reportable events (as described under Item 304(a)(1)(v) of Regulation S-K) during the Company’s engagement of JSW from October 22, 2010 to April 13, 2011.
Our consolidated financial statements for the years ended October 31, 2008 were audited by JSW. The JSW report on our financial statements for that fiscal year did not contain an adverse opinion, a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, except that substantial doubt was raised as to the ability of the Company to continue as a going concern.
The Company has provided JSW with a copy of this disclosure and requested that JSW furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees of disagrees with the statements by the Company in this Current Report on Form 8-K. The requested letter is attached to this filing as an exhibit.
On April 13, 2011, the Company engaged Silberstein Ungar, PLLC, 30600 Telegraph Road, Suite 2175, Bingham Farms, MI 48025-4586 (“SU”) as its new independent registered public accounting firm. The engagement of SU was approved by the Company’s Board of Directors on April 13, 2011.
During the Company’s two most recent fiscal years ended December 31, 2010 and December 31, 2009 and through April 13, 2011, neither the Company nor anyone acting on its behalf consulted with SU regarding either (i) the application of accounting principles to a specific transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s financial statements, and no written report was provided to the Company or oral advice was provided that SU concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of either a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K.
