LM FUNDING AMERICA, INC. (NASDAQ:LMFA) Files An 8-K Changes in Registrant’s Certifying Accountant

LM FUNDING AMERICA, INC. (NASDAQ:LMFA) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01.Changes in Certifying Accountant.

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(a)Dismissal of Independent Registered Public Accounting Firm.

The Audit Committee of LM Funding America, Inc. (the “Company”) recently completed a review process to determine what audit firm would serve as the Company’s independent registered public accounting firm for the year ended December 31, 2017.On January 29, 2018, the Audit Committee determined to dismiss Skoda Minotti & Co. (“Skoda”) as the Company's independent registered public accounting firm, effective immediately.

The audit reports of Skoda on the consolidated financial statements of the Company for each of the two most recent fiscal years ended December 31, 2015 and December 31, 2016 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 Company's two most recent fiscal years ended December 31, 2015 and December 31, 2016 and during the subsequent interim period from January 1, 2017 through January 29, 2018, (i) there were no disagreements with Skoda on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to Skoda's satisfaction, would have caused Skoda 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 Skoda with a copy of the disclosures in this report prior to filing with the Securities and Exchange Commission (the “SEC”) and requested from Skoda a letter addressed to the SEC indicating whether Skoda agrees with such disclosures. A copy of Skoda's letter to the SEC, dated February 1, 2018, is filed as Exhibit 16.1 to this report.

(b)Engagement of New Independent Registered Public Accounting Firm.

Contemporaneous with the determination to dismiss Skoda, the Audit Committee engaged MaloneBailey LLP("MB") as the Company's independent registered public accounting firm for the year ended December 31, 2017.

During the two most recent fiscal years ended December 31, 2015 and December 31, 2016 and during the subsequent interim period from January 1, 2017 through January 29, 2018, neither the Company nor anyone on its behalf consulted MB 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 MB 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 Item 304(a)(1)(v) of Regulation S-K, respectively.

Item 9.01Financial Statements and Exhibits.

(a)Exhibits

Exhibit

Number

Description of Exhibit

16.1

Letter of Skoda Minotti & Co.


LM FUNDING AMERICA, INC. Exhibit
EX-16 2 lmfa-ex16_6.htm EX-16 -SKODA LETTER lmfa-ex16_6.htm   Exhibit 16.1   February 1,…
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