Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Company's Certifying Accountant.
Effective as of June 30, 2011, China Industrial Waste Management, Inc. (the "Company") dismissed Jewett, Schwartz, Wolfe & Associates ("JSW") and engaged UHY LLP ("UHY") as its new independent registered public accountant. These actions were recommended by the Audit Committee of the Company's Board of Directors (the "Board") and approved by the Board.
The reports of JSW on the Company's financial statements as of December 31, 2010 and 2009 and for the fiscal years ended December 31, 2010 and 2009 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
In connection with the audits of the Company's financial statements for the fiscal periods ended December 31, 2010 and 2009, and through June 30, 2011, there were: (i) no disagreements between the Company and JSW on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of JSW, would have caused JSW to make reference to the subject matter of the disagreement in its reports on the Company's financial statements for such periods, and (ii) no reportable events of the type listed in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K.
During its two most recent fiscal periods ended December 31, 2010 and 2009, and the subsequent interim period through the engagement of UHY on June 30, 2011, the Company did not consult with UHY on (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that may be rendered on the Company's financial statements, and UHY did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; or (ii) the subject of any disagreement, as defined in Item 304 (a)(1)(iv) of Regulation S-K and the related instructions, or a reportable event within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.
The Company provided JSW with a copy of the disclosures contained herein and requested that JSW furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not JSW agrees with its statements in this Item 4.01. A copy of the letter to be furnished by JSW in response to such request, will be filed as Exhibit 16.1 to an amendment to this Form 8-K promptly when the Company is in receipt of the letter. The Company anticipates it will be provided with the letter within ten business days from the date of filing this Form 8-K.
