CLOUD SECURITY CORPORATION (OTCMKTS:CLDS) Files An 8-K Changes in Registrant’s Certifying AccountantITEM 4.01
On September 28, 2017, Cloud Security Corporation, a Nevada corporation (the “Company”) was notified by dbbmckennon (“DBBM”) that the firm has resigned as the registered independent registered public accountant.
Other than the disclosure of uncertainty regarding the ability for us to continue as a going concern which was included in DBBM’s report on the financial statements for the year ended February 28, 2017 and February 29, 2016, DBBM’s reports on the financial statements of the Company for the year ended February 28, 2017 and February 29, 2016 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. For the most recent fiscal year and any subsequent interim period through DBBM's resignation on September 28, 2017, DBBM disclosed the uncertainty regarding the ability of the Company to continue as a going concern in its accountant’s report on the financial statements.
In connection with the audit and review of the financial statements of the Company through September 28, 2017, there were no disagreements on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference in connection with DBBM’s opinion to the subject matter of the disagreement.
In connection with the audited financial statements of the Company for the year ended February 28, 2017 and February 29, 2016, and subsequent interim unaudited financial statements through September 28, 2017, there have been no reportable events with the Company as set forth in Item 304(a)(1)(v) of Regulation S-K.
The Company appointed TAAD LLP (“TAAD”) as the Company’s registered independent public accounting firm as of October 12, 2017. The decision to appoint TAAD was approved by the Board of Directors of the Company on October 13, 2017. TAAD was the former auditor of the Company between October 17, 2014 and April 30, 2015.
Between April 30, 2015 and October 12, 2017, the Company did not consult with TAAD regarding (1) the application of accounting principles to specified transactions, (2) the type of audit opinion that might be rendered on the Company’s financial statements, (3) written or oral advice was provided that would be an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issues, or (4) any matter that was the subject of a disagreement between the Company and its predecessor auditor as described in Item 304(a)(1)(iv) or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided a copy of the foregoing disclosures to DBBM prior to the date of the filing of this report and requested that DBBM furnish it with a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the statements in this Report. A copy of the letter furnished in response to that request is filed as Exhibit 16.1 to this Form 8-K.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
CLOUD SECURITY CORP. ExhibitEX-16.1 2 cloud_ex1601.htm LETTER Exhibit 16.1 October 13,…To view the full exhibit click here
About CLOUD SECURITY CORPORATION (OTCMKTS:CLDS)
Cloud Security Corporation is an early-stage security and information access technology software company. The Company delivers immediate information with secure access to computer desktops and other consumer electronic devices from remote locations. The Company develops its cloud security technology, MyComputerKey, and related cloud computing security software product lines. The Company’s product, MyComputerKey, is a technology that provides a secure multi-factor validation and authentication system for cloud-based infrastructures and protects data accessed from remote locations across the world. The Company also focuses on developing an application version of this product for mobile devices (MyMobileKey) and tablets (MyTabletKey). MyComputerKey provides secure authentication prior to accesses of a user’s same, consistent and familiar desktop where all of their customized and personal applications and files reside.
