ALTERNATIVE INVESTMENT CORPORATION (OTCMKTS:AIKO) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01.
Changes in Registrant’s Certifying Accountant.
Previous Independent Accounting Firm
On November 26, 2018, Alternative Investment Corporation (“we,” “our,” “us” or the “Company”) was informed by Green & Company, CPAs (“Green & Company”), our prior independent registered public accounting firm, that Haynie & Company ("H&C") acquired certain assets of Green & Company. As a result of the acquisition, on November 26, 2018, Green & Company resigned as the independent public accounting firm of the Company.
The reports of Green & Company on the Company’s financial statements for the two most recent fiscal years 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.
During the two most recent fiscal years and through November 26, 2018, (i) there were no disagreements between the Company and Green & Company on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Green & Company, would have caused Green & Company to make reference to the subject matter of the disagreements in its reports on the consolidated financial statements for such years, and (ii) Green & Company did not advise us of any of the events requiring reporting in this Current Report on Form 8-K under Item 304(a)(1)(v) of Regulation S-K.
The Company provided Green & Company with a copy of the foregoing disclosures and requested that Green & Company furnish us with a letter addressed to the Securities and Exchange Commission stating whether or not Green & Company agrees with the disclosures. A copy of such letter, dated December 3, 2018, is attached as Exhibit 16.1.
New Independent Accounting Firm
Effective December 1, 2018, we engaged H&C to serve as our independent registered public accounting firm for the year ending September 30, 2018. The engagement of H&C was approved by our Audit Committee.
During the Company’s two most recent fiscal years and through December 1, 2018, neither we nor anyone acting on our behalf consulted with H&C regarding either (i) the application of accounting principles to a 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 nor oral advice was provided to the Company that H&C 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 either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).
Financial Statements and Exhibits.
Alternative Investment Corp Exhibit…To view the full exhibit click
About ALTERNATIVE INVESTMENT CORPORATION (OTCMKTS:AIKO)
Alternative Investment Corporation, formerly Paradigm Resource Management Corporation, has no operations. The Company is focused on new investment opportunities in the real estate sector with primary focus on distressed real estate assets and/or alternative real estate developments. The Company was an asset management and acquisition company with interest in the gold sector, real state and technology. It was focused on identifying under the radar acquisition opportunities. The Company had not generated any revenue, as of September 30, 2015.