Lans Holdings Inc. (OTCMKTS:LAHO) Files An 8-K Changes in Registrant’s Certifying Accountant

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Lans Holdings Inc. (OTCMKTS:LAHO) Files An 8-K Changes in Registrant’s Certifying Accountant

Lans Holdings Inc. (OTCMKTS:LAHO) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrant’s Certifying Accountant.

On July 24, 2019, the Company dismissed GBH CPAs, PC (the “Former Accountant”) as the Company’s independent registered public accounting firm and on July 24, 2019, the Company engaged Fruci & Associates II, PLLC (the “New Accountant”) as the Company’s independent registered public accounting firm. The engagement of the New Accountant was approved by the Company’s Board of Directors.

The Former Accountant’s audit reports on the financial statements of the Company for the fiscal years ended November 30, 2016 and 2015 contained no adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that the audit reports on the financial statements of the Company for the fiscal years ended November 30, 2016 and 2015 contained an uncertainty about the Company’s ability to continue as a going concern.

During the fiscal years ended November 30, 2016 and 2015, and through the interim period ended July 24, 2019, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them to make reference thereto in their reports on the financial statements for such periods.

During the fiscal years ended November 30, 2016 and 2015, and through the interim period ended July 24, 2019, there were the following “reportable events” (as such term is defined in Item 304 of Regulation S-K). As disclosed in Part I, Item 4 of the Company’s Form 10-Q for the quarter ended September 30, 2018, the Company’s management determined that the Company’s internal controls over financial reporting were not effective as of the end of such period due to the existence of material weaknesses related to the following:

SECTION 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.


Lans Holdings Inc Exhibit
EX-16.1 2 ex16_1.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Exhibit 16.1   United States Securities and Exchange Commission Office of the Chief Accountant 100 F Street,…
To view the full exhibit click here

About Lans Holdings Inc. (OTCMKTS:LAHO)

Lans Holdings, Inc. is engaged in the business of developing payment processor solutions and providing information technology (IT) services. The Company’s plan is to develop a payment processor business. The Company intends to provide solutions for retail and e-commerce businesses. The Company intends that its solutions will be used to enable businesses to process payments whether online or in a retail store front. It intends to offer white label solutions for payment service providers to enable business-to-consumer and business-to-business payments through physical point of sale (POS), mobile devices, online and software integrations. The Company also intends to provide business processing outsourcing through its Fractional IT Services and complaint ready hosted solutions through its Infrastructure on Demand. The Company is in the process of certifying its CLOUDCRYPT, Payment-Engine, PaymentSandBox and Paysperity applications by its Payment Card Industry (PCI) Auditor-Dara Security.