Ominto, Inc. (OTCMKTS:OMNT) Files An 8-K Changes in Registrant’s Certifying Accountant
Item4.01 Change in Registrants Certifying Accountant.
On May 19, 2017, Ominto, Inc. (we or the Company) dismissed Mayer
Hoffman McCann P.C. (MHM) as the Companys principal independent
registered public accounting firm and appointed Morrison Brown
Argiz Farra, LLC (MBAF) as our principal independent registered
public accounting firm. The decision to dismiss MHM and to engage
MBAF was recommended by our Audit Committee and approved by our
Board of Directors.
| (a) |
Dismissal of the Independent Registered Public Accounting Firm |
The reports of MHM on the Companys consolidated financial
statements for the two most recent fiscal years ended September
30, 2016 and 2015, did not contain an adverse opinion or a
disclaimer of opinion, nor did they contain a qualification or
modification as to uncertainty, audit scope or accounting
principles.
During our two most recent fiscal years ended September 30, 2016
and 2015 and in the subsequent interim periods through the date
of dismissal, there were (1) no disagreements with MHM 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 MHM, would have caused MHM
to make reference to the subject matter of the disagreements in
connection with its reports, and (2) no events of the type listed
in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation
S-K. We provided MHM with a copy of the disclosure in this Item
4.01 of this Current Report on Form 8-K (this Current Report)
prior to its filing with the Securities and Exchange Commission
and requested that MHM furnish us with a letter addressed to the
SEC stating whether or not it agrees with the statements made in
this Current Report. A copy of the letter provided from MHM is
filed as Exhibit 16.1 to this Current Report.
| (b) |
Appointment of a New Independent Registered Public Accounting Firm |
On May 19, 2017, to the approval of the Audit Committee, the
Company engaged MBAF as our principal independent registered
public accounting firm. The decision to engage MBAF was
recommended by our Audit Committee and approved by our Board of
Directors for the remainder of the Companys fiscal quarter ending
June 30, 2017 and its fiscal year ending on September 30, 2017.
During our two most recent fiscal years ended September 30, 2016
and 2015 and in the subsequent interim period through the date of
appointment, we have not consulted with MBAF regarding either 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, nor has MBAF
provided to us a written report or oral advice that MBAF
concluded was an important factor considered by us in reaching a
decision as to the accounting, auditing or financial reporting
issue. In addition, during such periods, we have not consulted
with MBAF regarding any matter that was either the subject of a
disagreement (as defined in Item 304(a)(1)(iv) and the related
instructions) or a reportable event (as described in Item
304(a)(1)(v) of Regulation S-K).
Item9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Description | |
| 16.1 |
Letter dated May 25, 2017 from Mayer Hoffman McCann P.C. to the Securities and Exchange Commission |
About Ominto, Inc. (OTCMKTS:OMNT)
Ominto, Inc. (Ominto), formerly DubLi, Inc., is engaged in online cash back shopping. The Company’s shopping portal serves customers in approximately 100 countries. Using its consumer-adaptive e-commerce sites, shoppers are linked and can browse third party Websites with different categories of products, which Websites feature, including international and local brands, travel, coupons, discounts and vouchers. The Company offers its product and service lines in the E-Commerce and Memberships segment, which includes business license fees, membership subscription fees and commission income, and advertising and marketing programs. The Company has adapted its Cash Back platform to serve over 10 international markets in approximately 10 languages and currencies. Its Websites feature various regional and international brands, including Amazon.com, Zalando, Groupon and Expedia. Its e-commerce platform allows consumers to shop at online stores and earn cash back with each purchase. Ominto, Inc. (OTCMKTS:OMNT) Recent Trading Information
Ominto, Inc. (OTCMKTS:OMNT) closed its last trading session down -0.18 at 8.86 with 19,280 shares trading hands.
