AMERICAN INTERNATIONAL VENTURES, INC. (OTCMKTS:AIVN) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrants Certifying Accountant.
Revocation and Dismissal of Scrudato Co. PA.
On December 20, 2016, the registration of the Companys
independent registered public accounting firm, John Scrudato,
CPA, was revoked by the Public Company Accounting Oversight Board
(the PCAOB). On December 28, 2016, as a result of this action of
the PCAOB, the Board of Directors of the Company dismissed John
Scrudato, CPA (the Former Auditor) as the Companys independent
registered public accounting firm.
The Former Auditor was the independent registered public
accounting firm for the Registrant from May 21, 2014 until
December 28, 2016. The Former Auditors reports on the
Registrant’s financial statements for the twelve month periods
ended May 31, 2016, 2015, 2014 and 2013 did not (a) contain an
adverse opinion or disclaimer of opinion, or (b) was modified as
to uncertainty, audit scope, or accounting principles, or (c)
contained any disagreements 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 the Former Auditor, would have
caused it to make reference to the subject matter of the
disagreements in connection with its reports for the twelve month
periods ended May 31, 2016, 2015, 2014 and 2013 and the
subsequent interim periods preceding December 28, 2016. None of
the reportable events set forth in Item 304(a)(1)(iv) of
Regulation S-K occurred during the twelve month periods ended May
31, 2016, 2015, 2014 and 2013 and the subsequent interim periods
preceding December 28, 2016 in which the Former Auditor served as
the Registrant’s principal independent accountants.
However, each of (a) the report of the Former Auditor dated
August 26, 2016 on our financial statements for the twelve month
periods ended May 31, 2016 and 2015, (b) the report of the Former
Auditor dated September 11, 2015 on our financial statements for
the twelve month periods ended May 31, 2015 and 2014 and (c) the
report of the Former Auditor dated September 26, 2014 on our
financial statements for the twelve month periods ended May 31,
2014 and 2013 contained an explanatory paragraph which noted that
there was substantial doubt as to our ability to continue as a
going concern.
The Registrant has provided the Former Auditor with a copy of
this disclosure and has requested that the Former Auditor furnish
it with a letter addressed to the U.S. Securities and Exchange
Commission stating whether it agrees with the above statements,
and if not, stating the respects in which it does not agree. A
copy of the letter from the Former Auditor addressed to the
Securities and Exchange Commission dated December 28, 2016 is
filed as Exhibit 16.1 to this Current Report on Form 8-K.
Appointment of a New Independent Registered Public Accounting
Firm
On December 28, 2016, the Company appointed DLL CPA, as its new
independent registered public accounting firm (New Auditor). The
Companys Board of Directors approved the appointment of the New
Auditor.
During the Companys two most recent fiscal years ended May 31,
2016 and 2015 and through December 28, 2016, neither the Company
nor anyone on its behalf consulted with the New Auditor with
respect to (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 Companys financial
statements, and New Auditor did not provide either a written
report or oral advice to the Company that New Auditor concluded
was an important factor considered by the Company in reaching a
decision as to any accounting, auditing, or financial reporting
issue; or (ii) any matter that was 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.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
Description |
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16.1 |
Letter to the Securities and Exchange Commission from |
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About AMERICAN INTERNATIONAL VENTURES, INC. (OTCMKTS:AIVN)
American International Ventures, Inc. is an exploration-stage company. The Company is a gold and silver exploration and extraction company. The Company’s business is to engage in exploration and production activities in the precious minerals mining industry. The Company is focused on planning, developing and operating past producing precious metal properties and mines. In addition to its mining claims in Nevada, the Company also leases certain mining claims in the Baja California, Mexico. The Company operates in the Baja California through its subsidiary, AIVN de Mexico. The Company holds interest in The MotherLode Project, which is located in Baja, Mexico. The MotherLode Project is under construction by AIVN de Mexico to start a 200 ton/day placer operation. AMERICAN INTERNATIONAL VENTURES, INC. (OTCMKTS:AIVN) Recent Trading Information
AMERICAN INTERNATIONAL VENTURES, INC. (OTCMKTS:AIVN) closed its last trading session up +0.0049 at 0.0149 with 84,000 shares trading hands.