COLORSTARS GROUP (OTCMKTS:CSTU) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Changes in Registrant’s Certifying Accountant.
Dismissal of Previous Independent Registered Public Accounting Firm
Partiz & Company, P.A. (“Partiz”) has been the independent registered public accounting firm of ColorStars Group (the “Company”) since July 11, 2016. Effective as of June 15, 2017, the Board of Directors of the Company determined to dismiss Partiz as the Company’s independent registered public accounting firm.
Partiz has not issued any reports on the audited financial statements of the Company.
During the Company’s most recent fiscal year ending December 31, 2016, the subsequent interim periods thereto, and through June 15, 2017, there were no disagreements (as defined in Item 304 of Regulation S-K) with Partiz on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Partiz, would have caused it to make reference in connection with its opinion to the subject matter of the disagreement. Partiz was not the Company’s independent registered accounting firm during the Company’s fiscal year ending December 31, 2015.
During the Company’s most recent fiscal year, the subsequent interim periods thereto, and through June 15, 2017, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K). Partiz was not the Company’s independent registered accounting firm during the Company’s fiscal year ending December 31, 2015.
The Company provided Partiz with a copy of this disclosure and requested that Partiz furnish the Company with a letter addressed to the Securities and Exchange Commission (the “SEC”) stating whether it agrees with the statements made by us herein in response to Item 304(a) of Regulation S-K and, if not, stating the respect in which Partiz does not agree. A copy of Partiz’s letter to the SEC is filed as Exhibit 16.1 to this Report.
Engagement of New Independent Registered Public Accounting Firm
On June 15, 2017, the Company engaged Anton & Chia, LLP (“Anton & Chia”) as the Company’s independent registered public accounting firm.
During the fiscal years ended December 31, 2017 and 2016, the subsequent interim periods thereto, and through June 15, 2017, neither the Company nor anyone acting on its behalf consulted Anton & Chia with respect to (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 the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that Anton & Chia concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issues; or (ii) any matter that was the subject of a disagreement or a reportable event set forth in Item 304(a)(1)(iv) and (v), respectively, of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: The following exhibits are filed as part of this report:
| Exhibit No. | Description |
| 16.1 | Letter from Partiz & Company, P.A. |
ColorStars Group ExhibitEX-16.1 2 ex16-1.htm September 14,…To view the full exhibit click here
About COLORSTARS GROUP (OTCMKTS:CSTU)
ColorStars Group is a vertically integrated lighting company. The Company develops light emitting diode (LED) lighting products for general consumer applications, as well as professional lighting installations. The Company also develops and retrofits LED lamps and bulbs for lighting fixtures designed for general and special lighting applications. Its product lines and technologies include Light Sources, DMX Drivers and Bluetooth Portable Speaker. Its Light Sources products include The AMBY-A19-WHT, the R5 Series LED lamps; the R4S Series LED lamps, which are seven-watt lamps with E27, GU10 and MR16 bases; the R4 Series LED lamps; R4 Single-Color Lamps, and other light sources. The Company’s DMX Drivers include CCD-DMX-150, which is a three-channel high-power LED DMX driver with an auto-addressing system that detects identification (ID) automatically. It offers Bbox3 Bluetooth Portable Speaker, which can be used with any smartphone, tablet or other electronic device.