DESTINY MEDIA TECHNOLOGIES INC. (OTCMKTS:DSNY) Files An 8-K Changes in Registrant’s Certifying Accountant
item 4.01.
Item 4.01 Change in Registrant’s Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm
On March 4, 2019, the Audit Committee (the “Audit Committee”) of the Board of Directors of Destiny Media Technologies Inc. (the “Company”) dismissed BDO Canada LLP (“BDO”) as the Company’s independent registered public accounting firm. The dismissal of BDO is a result of a competitive proposal process performed by the Audit Committee, and is effective immediately.
BDO’s audit reports on the Company’s consolidated financial statements as of and for the fiscal years ended August 31, 2018 and 2017 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended August 31, 2018 and 2017, and during the subsequent interim period from September 1, 2018 through March 4, 2019, there were (i) no disagreements between the Company and BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which, if not resolved to BDO’s satisfaction, would have caused BDO to make reference thereto in its reports, and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
The Company has provided BDO with a copy of this Form 8-K prior to its filing with the U.S. Securities and Exchange Commission (“SEC”) and has requested that BDO furnish a letter addressed to the SEC stating whether or not it agrees with the statements made herein. A copy of such letter will be filed as Exhibit 16.1 to an amendment to this Form 8-K upon receipt.
(b) Engagement of New Independent Registered Public Accounting Firm
On March 4, 2019, the Audit Committee approved the selection of Davidson & Company LLP (“Davidson”) as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2019.
During the two most recent fiscal years ended August 31, 2018 and 2017, and during the subsequent interim period from September 1, 2018 through March 4, 2019, neither the Company nor anyone on its behalf consulted Davidson regarding either 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 or any matter that was either the subject of a “disagreement” (within the meaning of Item 304(a) of Regulation S-K) or a “reportable event” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01. Financial Statements and Exhibits.
| (a) |
Not applicable |
| (b) |
Not applicable |
| (c) |
Not applicable |
| (d) |
Exhibits. |
| EXHIBIT NO. | DESCRIPTION |
| Exhibit 16.1 | Letter from BDO Canada LLP to the SEC* |
*Filed Herewith.
DESTINY MEDIA TECHNOLOGIES INC Exhibit
EX-16.1 2 exhibit16-1.htm EXHIBIT 16.1 Destiny Media Technologies Inc. – Exhibit 16.1 – Filed by newsfilecorp.com Tel: 604 688 5421 Fax: 604 688 5132 www.bdo.ca BDO Canada LLP 600 Cathedral Place 925 West Georgia Street Vancouver BC V6C 3L2 Canada March 11,…
To view the full exhibit click here
About DESTINY MEDIA TECHNOLOGIES INC. (OTCMKTS:DSNY)
Destiny Media Technologies, Inc. develops and markets services that enable the secure distribution of digital media content over the Internet. The Company’s services are based around security, watermarking and instant play streaming media technologies. The Company’s products and services include Clipstream Online Video Platform (OVP), Clipstream Online Video Platform and Play MPE. The Clipstream Online Video Platform is a self-service system for encoding, hosting and reporting on video playback, which can be embedded in third-party Websites or e-mails. With the JavaScript codec approach, the Company offers various features, such as security, interactivity and proofing of content. Play MPE is a digital delivery service for moving broadcast audio, video, images, promotional information and other digital content securely through the Internet.
