CADUS CORPORATION (OTCBB:KDUS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrants Certifying Accountant.
On April 6, 2017, Cadus Corporation (the Company) was informed by
its independent registered public accounting firm, Baker Tilly
Virchow Krause, LLP (Baker Tilly) of Baker Tillys decision to
decline to stand for reappointment as independent registered
accountants for Cadus Corporation.
The principal accountants reports of Baker Tilly on the financial
statements of the Company as of and for the years ended December
31, 2016 and December 31, 2015 did not contain any adverse
opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles.
During the years ended December 31, 2016 and December 31, 2015
and through April 6, 2017, there were no disagreements with Baker
Tilly on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which if not resolved to Baker Tillys satisfaction would have
caused Baker Tilly to make reference thereto in connection with
its reports on the financial statements for such years. During
the years ended December 31, 2016 and December 31, 2015 and from
December 31, 2016 through April 6, 2017, there were no reportable
events of the types described in Item 304(a)(1)(v) of Regulation
The Company provided Baker Tilly with a copy of the foregoing
disclosure and requested Baker Tilly to furnish the Company with
a letter addressed to the Securities and Exchange Commission
stating whether it agrees with the statements made herein. A copy
of the letter furnished by Baker Tilly, dated April 11, 2017, is
filed as Exhibit 16.1 to this Current Report on Form 8-K.
ITEM 9.01. Financial Statements and Exhibits.
Letter from Baker Tilly Virchow Krause, LLP to the Securities
and Exchange Commission dated April 11, 2017 regarding change
in certifying accountant.
About CADUS CORPORATION (OTCBB:KDUS)
Cadus Corporation (Cadus) is engaged in the purchase of homes and land for purposes of renovation or construction and resale. The Company, through its subsidiaries, owns approximately 12 single-family residential zoned properties in Miami-Dade County, Florida. The Company also owns an approximately one-acre single-family residential zoned vacant lot in East Hampton, New York. The Company is focused on its real estate acquisition, renovation and construction activities in Florida. Cadus Technologies, Inc. is a subsidiary of the Company. CADUS CORPORATION (OTCBB:KDUS) Recent Trading Information
CADUS CORPORATION (OTCBB:KDUS) closed its last trading session 00.00 at 1.05 with 7,600 shares trading hands.