METWOOD, INC. (OTCMKTS:MTWD) Files An 8-K Changes in Registrant’s Certifying Accountant

METWOOD, INC. (OTCMKTS:MTWD) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrant’s Certifying Accountant.

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Effective November 30, 2018, the client-auditor relationship between Metwood, Inc. (the “Company”) and L&L CPAS,PA (the “Former Auditor”) was terminated upon the dismissal of the Former Auditor as the Company’s independent registered accounting firm. Effective November 15, 2018, the Company engaged Turner Stone & Co. (“TSC”) as its principal independent public accountant to audit the Company’s financial statements for the year ending June 30, 2016. The decision to change accountants was recommended and approved by the Company’s Board of Directors, effective November 30, 2018.

The Former Auditor’s reports on the financial statements of the Company for the years ended June 30, 2015 and 2014, did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles.

The reports of the Former Auditor on the Company’s financial statements as of and for the years ended June 30, 2015 and June 30, 2014, contained an explanatory paragraph which noted that there was substantial doubt as to the Company’s ability to continue as a going concern.

During the years ended June 30, 2015 and 2014 and in the subsequent interim periods through the date the relationship with the Former Auditor concluded, there were no disagreements between the Former Auditor and the Company on a matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of the Former Auditor would have caused the Former Auditor to make reference to the subject matter of the disagreement in connection with its report on the Company’s financial statements.

There have been no reportable events as defined in Item 304(a)(l)(v) of Regulation S-K during the years ended June 30, 2015 and 2014 or in any subsequent interim periods through the date the relationship with the Former Auditor ceased.

The Company has authorized the Former Auditor to respond fully to any inquiries of the Company’s new audit firm, B&A, relating to its engagement as the Company’s independent accountant. The Company has requested that the Former Auditor review the disclosure contained in this Report and the Former Auditor has been given an opportunity to furnish the Company with a letter addressed to the Commission containing any new information, clarification of the Company’s expression of its views, or the respect in which it does not agree with the statements made by the Company herein. The Company will file such letter with the Securities and Exchange Commission (the “Commission”) as an exhibit to an amendment to this Current Report on Form 8-K/A within two days of receiving it but no later than ten days after the filing of this Report.

The Company has not previously consulted with TSC regarding either (i) the application of accounting principles to a specificcompleted or contemplated transaction; (ii) the type of audit opinion that might be rendered on the Company’s financial statements; or (iii) a reportable event (as provided in Item 304(a)(1)(v) of Regulation S-K) during the years ended June 30, 2015 and June 30, 2014, and any later interim period, including the interim period up to and including the date the relationship with the Former Auditor ceased. TSC has reviewed the disclosure required by Item 304 (a) before it was filed with the Commission and has been provided an opportunity to furnish the Company with a letter addressed to the Commission containing any new information, clarification of the Company’s expression of its views, or the respects in which it does not agree with the statements made by the Company in response to Item 304 (a).TSC has elected not furnish a letter to the Commission.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being filed herewith this Current Report on Form 8-K

METWOOD INC Exhibit
EX-16.1 2 mtwd_ex161.htm LETTER mtwd_ex161.htmEXHIBIT 16.1     19720 Jetton Road,…
To view the full exhibit click here

About METWOOD, INC. (OTCMKTS:MTWD)

Metwood, Inc. provides construction-related products and engineering services to residential customers and contractors, commercial contractors, developers and retail enterprises, primarily in Virginia. The Company is engaged in the metal and metal/wood construction materials manufacturing business. Its primary products and services are TUFF BEAM, an internally reinforced cold-formed steel (CFS) beam; TUFF JOIST, a CFS joint system; TUFF JOIST+, an internally reinforced CFS joist; TUFF FLOOR SYSTEM, which is combination of TUFFBEAM, NUJOIST and TUFFJOIST utilized to make up a complete floor system; TUFF DECK, which is a concrete deck system; RIM BEAM; TUFF FRAME 3.5 & 5.5, a panelized load bearing and non-load bearing CFS wall framing solution; TUFF TRUSS 2.0, a roof and floor truss system; Aegis Metal Framing’s CFS trusses SURE-SPAN; trimmable square columns; joist reinforcers, and engineering, design and custom building services.

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