BULOVA TECHNOLOGIES GROUP, INC. (OTCMKTS:BTGI) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant.
(a) As of March 3, 2017, the independent registered public
accounting firm of Stevenson Company CPAS LLC (Stevenson) of
Tampa, Florida, resigned as our independent registered public
accountant for the fiscal year ending September 30, 2017. Their
decision was not based on any information provided by the
Company, its Board of Directors, its management, nor any
communications with predecessor accounting firms.
During the fiscal years ended September 30, 2015 and 2016, and
for the interim periods through the date of this Current Report
on Form 8-K, we have had no disagreements with Stevenson on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which if not resolved
to Stevensons satisfaction, would have caused them to make
reference to the subject matter of the disagreement in connection
with its report on the Companys consolidated financial
statements.
The reports of Stevenson for the years ended September 30, 2015
and 2016 contained no adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope
or accounting principle.
We have provided Stevenson with a copy of this Form 8-K, and have
requested that Stevenson furnish a letter addressed to the
Securities and Exchange Commission stating whether or not it
agrees with the above statements and, if not, stating the
respects in which it does not agree. A copy of such letter, dated
March 7, 2017, indicating that Stevenson is in agreement with
such disclosures, is filed as Exhibit 16.1 to this Form 8-K.
(b) On March 6, 2017, we engaged the firm of Turner, Stone
Company, L.L.P. (Turner) of Dallas, Texas, as our new independent
registered public accounting firm for the fiscal year ending
September 30, 2017.
During the fiscal years ended September 30, 2015 and 2016, we
have not consulted with Turner regarding either:
(i) the application of accounting principles to any specified
transaction, completed or proposed; or the type of audit opinion
that might be rendered on the Companys consolidated financial
statements, and neither a written report was provided to the
Company nor oral advice was provided that Turner 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 paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or
a reportable event (as described in paragraph (a)(1)(v) of Item
304 of Regulations S-K).
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit No. |
Description |
|
16.1 |
Letter re: change in certifying accountant |
About BULOVA TECHNOLOGIES GROUP, INC. (OTCMKTS:BTGI)
Bulova Technologies Group, Inc. is a seller of high precision industrial machine tools, primarily through its distribution network. The Company operates through two segments: Transportation services and Commercial Sales. The Transportation segment provides freight storage and movement across the Continental United States, and the Commercial Sales segment is involved in sales and distribution of industrial machines, ammunition, software and healthcare products. The Company has approximately four major areas of focus, which it conducts through its subsidiaries. The Company’s subsidiaries include Bulova Technologies Machinery LLC (BTM), Bulova Technologies Finance LLC, Bulova Technologies (Europe) LLC, Bulova Technologies Advanced Products LLC, Bulova Technologies Healthcare Products LLC, Bulova Technologies Compliance and Security LLC, and BT Twiss Transport LLC. The Company, through BTM, establishes a distributor/dealer network throughout the United States and Canada. BULOVA TECHNOLOGIES GROUP, INC. (OTCMKTS:BTGI) Recent Trading Information
BULOVA TECHNOLOGIES GROUP, INC. (OTCMKTS:BTGI) closed its last trading session down -0.00040 at 0.00220 with 1,963,098 shares trading hands.