MoneyOnMobile, Inc. (OTCMKTS:MOMT) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Change in Registrant's Certifying Accountant.
Previous independent registered public accounting firm
On March 14, 2018, MoneyOnMobile, Inc., a Texas corporation (the “Company”), dismissed Liggett & Webb P.A. (“LW”) as its independent registered public accounting firm. The reports of LW, on the Company’s financial statements for each of the past two fiscal years contained no adverse opinion or a disclaimer of opinion and were not modified. The decision to change independent accountants was approved by our Board of Directors on March 14, 2018.
During our two most recent fiscal years and through the date of this report, we have had no disagreements with LW, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of LW, would have caused it to make reference to the subject matter of such disagreements in its report on our financial statements for such periods.
During our two most recent fiscal years and through the date of this report on Form 8-K, there have been no reportable events as defined under Item 304(a)(1)(v) of Regulation S-K adopted by the Securities and Exchange Commission (the “SEC”).
We provided LW, with a copy of this disclosure before the filing was made with the SEC. We requested that LW, provide us with a letter addressed to the SEC stating whether or not it agrees with the above statements, and we received a letter from LW, stating that it agrees with the above statements. A copy of such letter, dated as of March 14, 2018 is filed as Exhibit 16.1 to this report.
New independent registered public accounting firm.
On March 14, 2018, the Company’s Board of Directors appointed RBSM LLP (“RBSM”) as our new independent registered public accounting firm, effective March 6, 2018. During the two most recent fiscal years and through the date of our engagement, we did not consult with RBSM regarding either (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, or (2) any matter that was either the subject of a disagreement or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K). In approving the selection of RBSM as the Company’s new independent registered public accounting firm, the Board of Directors considered all relevant factors.
Item 9.01Financial Statements and Exhibits.
The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
Letter from Liggett & Webb, P.A. dated March 14, 2018
MoneyOnMobile, Inc. ExhibitEX-16.1 2 letterfromauditors.htm EXHIBIT 16.1 LETTER FROM LIGGETT & WEBB,…To view the full exhibit click
About MoneyOnMobile, Inc. (OTCMKTS:MOMT)
MoneyOnMobile, Inc., formerly Calpian, Inc., is an early-stage company. The Company operates through the MoneyOnMobile segment, which is a mobile wallet service used to pay for goods and services from a mobile phone and to make other financial transactions. MoneyOnMobile allows consumers, to deposit funds into their mobile wallet or to perform a financial transaction through its agent network of approximately 313,541 retail locations as of April 30, 2016. Consumers use their mobile phones to make certain routine payments for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. MoneyOnMobile offers electronic wallet services (M-wallet), similar to carrying a prepaid debit card, however using the consumer’s mobile phone. MoneyOnMobile has a multi-lingual application. By using this application, customers, through its agent network, can pay for goods and services and send money anytime and anywhere.