CONCIERGE TECHNOLOGIES, INC. (OTCMKTS:CNCG) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrants Certifying Accountant
(a) Prior independent registered public accounting
firm
On March 31, 2017, the board of directors (the Board) of
Concierge Technologies, Inc. (the Company) approved the dismissal
of Kabani Company, Inc. (Kabani) as the Companys independent
registered public accounting firm, effective as of April 3, 2017.
Kabani served as the Companys independent registered public
accounting firm for the Companys fiscal years ended June 30, 2015
and 2016. The reports of Kabani on the Companys financial
statements for the years ended June 30, 2015 and 2016 did not
contain an adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope, or
accounting principles.
During the fiscal years ended June 30, 2015 and 2016 and through
March 31, 2017, there were no disagreements with Kabani 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 Kabani would have caused
it to make reference to the subject matter of the disagreements
in connection with its reports.
During the fiscal years ended June 30, 2015 and 2016 and through
March 31, 2017, there have been no reportable events (as defined
in Item 304(a)(1)(v) of Regulation S-K).
The Company requested that Kabani review the disclosures
contained herein and asked Kabani to furnish the Company with a
letter addressed to the U.S. Securities and Exchange Commission
containing any new information, clarification of the Companys
expression of Kabanis views, or the respects in which Kabani does
not agree with the statements contained herein. A copy of Kabanis
letter, dated April 6, 2017, is filed as an exhibit to this Form
8-K.
(b) New independent registered public accounting
firm
In March and April 2017, the Board conducted a review of the
selection of the Companys independent registered public
accounting firm. BPM LLP (BPM) has served as auditor for the
Companys subsidiary Wainwright Holdings, Inc. (Wainwright) as
well as Wainwrights wholly-owned subsidiary, United States
Commodity Funds LLC (USCF) a Delaware limited liability company
registered as a commodity pool operator with the Commodity
Futures Trading Commission and a member of the National Futures
Association that serves as the General Partner for various
limited partnerships. USCF manages exchange traded products with
over $4 billion in assets. BPM also serves as auditor to
Wainwrights wholly-owned subsidiary, USCF Advisers, LLC a
Delaware limited liability company registered as an investment
adviser under the Investment Advisers Act of 1940, as amended.
While serving under the direction and supervision of Kabani, BPM
assisted with the review procedures of Wainwrights unaudited
quarterly consolidated financial information for the quarter
ended December 31, 2016. As part of its process in reviewing
auditor services and in an effort to leverage services provided
by BPM to the Companys subsidiaries, the Company contacted BPM
and solicited a proposal for BPM to be the Companys independent
registered public accounting firm. The Company solicited input
from BPM on their ability to provide the audit services that the
Company requires. Among other considerations, the Company sought
detailed information about BPMs experience auditing other
similarly situated companies that have elected to be taxed as
regulated investment companies. The Company contacted BPM for its
ability to audit its annual consolidated financial statements for
the fiscal year ending June 30, 2017 and to provide a fee
proposal to do so.
As a result of this process for selection of auditor services, on
April 3, 2017, the Company engaged BPM to serve as the Companys
new independent registered public accounting firm to audit the
Companys consolidated financial statements for the fiscal year
ending June 30, 2017.
Except as otherwise described above, neither the Company, nor any
person on its behalf, had consulted with BPM with respect to
either (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 Companys
consolidated financial statements, or (ii) any matter that was
either the subject of a disagreement or a reportable event as
such terms are described in Items 304(a)(1)(iv) or 304(a)(1)(v),
respectively, of Regulation S-K promulgated under the Exchange
Act.
Item 9.01 Financial Statements and Exhibits
No. |
Description |
||
16.1 |
Letter dated April 6 from Kabani and Company, Inc. |
About CONCIERGE TECHNOLOGIES, INC. (OTCMKTS:CNCG)
Concierge Technologies, Inc., through its subsidiaries, is engaged in capturing and presenting data from vehicle-mounted camera devices equipped for live-streaming; manufacturing and distributing New Zealand meat pies on a commercial scale, and selling and installing commercial and residential alarm monitoring systems. The Company’s three geographical segments include the United States, New Zealand and Canada. The United States segment includes the gathering of live-streaming video recording data displayed online. The New Zealand segment includes the production, packaging and distribution on a commercial scale of gourmet meat pies and related bakery confections. The Canada segment includes security alarm system installation and monitoring. Its subsidiaries include Kahnalytics Inc., Gourmet Foods Ltd and Brigadier Security Systems. Its operations in Canada include security alarm system installation and monitoring sold through its subsidiary Brigadier Security Systems. CONCIERGE TECHNOLOGIES, INC. (OTCMKTS:CNCG) Recent Trading Information
CONCIERGE TECHNOLOGIES, INC. (OTCMKTS:CNCG) closed its last trading session 00.0000 at 0.0720 with 2,700 shares trading hands.