LD HOLDINGS, INC. (OTCMKTS:LDHL) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01.Changes in Registrant's Certifying Accountant
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Changes in Registrant's Certifying Accountant
On August 8, 2017, KLJ & Associates, LLP ("KLJ") resigned as the Company's independent registered public accounting firm.
KLJ's report on the Registrant's financial statements for the last fiscal year contained a modification by KLJ raising substantial doubt of the Registrant's ability to continue as a going concern. This modification in KLJ's report for the fiscal year 2016 financial statement was based on the Registrant's losses and working capital deficit. KLJ's report did not contain any other adverse opinion or disclaimer of opinion and were not otherwise qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company's most recent fiscal year ended December 31, 2016 and during the subsequent interim period from January 1, 2017 through August 8, 2017, (i) there were no disagreements with KLJ on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to KLJ's satisfaction, would have caused KLJ to make reference to the subject matter of the disagreement in connection with its reports and (ii) there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided KLJ with a copy of the disclosures in this report prior to filing with the Securities and Exchange Commission (the "SEC"). A copy of KLJ's letter dated August 10, 2017 to the SEC, stating whether it agrees with the statements made in this report, is filed as Exhibit 16.1 to this report.
(b)Engagement of New Independent Registered Public Accounting Firm.
On August 9, 2017, the Company engaged Sadler, Gibb & Associates, LLC("SADLER") as the Company's new independent registered public accounting firm. During the recent fiscal year ended December 31, 2016 and during the subsequent interim period prior to engagement, neither the Company nor anyone on its behalf consulted with SADLER regarding 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 Company's financial statements, and neither a written report nor oral advice was provided to the Company that SADLER concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a"disagreement"or a"reportable event", each as defined in Regulation S-K Item 304(a)(1)(v), respectively.
Item 9.01.Financial Statements and Exhibits.
16.1:Letter from KLJ and Associates, LLP dated August 10, 2017 to the Securities and Exchange Commission
LD HOLDINGS, INC. ExhibitEX-16.1 2 exh16_1.htm LETTER FROM KLJ AND ASSOCIATES,…To view the full exhibit click
About LD HOLDINGS, INC. (OTCMKTS:LDHL)
LD Holdings, Inc. is a financial and management holding company. The Company manages the portfolio companies in which it has varying percentages of ownership. The Company has developed a business model that seeks to capitalize on the massive transfer of generational assets as the Baby-Boomer generation transitions from the ownership of small businesses into retirement. The Company provides services, including the marketing, sales and other business services; maintaining a data base of businesses for sale; maintaining a database of individuals with specific backgrounds and expertise that will be available for both acquisition, evaluation and strategizing the post-acquisition business model for each acquisition candidate, and maintaining an ongoing data base of investors. The Company also provides auxiliary consulting services. The Company’s subsidiary is Boomer’s Diner, Inc.