PETROTERRA CORP. (OTCMKTS:PTRA) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant.
On April 10, 2017, PetroTerra Corp. (the Company) dismissed AMC
Auditing, LLC (AMC) as our independent registered public
accounting firm. On April 10, 2017, the Board of Directors of the
Company approved the dismissal of AMC as the Registrants
independent registered public accounting firm.
AMC was engaged on November 1, 2016. AMC did not issue any audit
reports during the period of their engagement.
During the period from November 1, 2016 until the date of
dismissal, there were no disagreements with AMC, whether or not
resolved, on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which, if not resolved to AMCs satisfaction, would have caused it
to make reference to the subject matter of the disagreement in
connection with its report on the Companys financial statements.
The Company provided AMC with a copy of this disclosure set forth
under this Item 4.01 and has requested AMC to furnish a letter
addressed to the Securities and Exchange Commission stating
whether or not AMC agrees with the above statements. A copy of
this letter from AMC is attached hereto as Exhibit 16.1.
On April 10, 2017, the Board of Directors of the Company approved
the engagement of Salberg Company, P.A. (Salberg) as its
independent auditor. On April 10, 2017, the accounting firm of
Salberg was engaged as the Companys new independent registered
public accounting firm.
During our two most recent fiscal years ended March 31, 2016 and
2015 and the subsequent interim periods, neither the Company nor
anyone on its behalf consulted Salberg 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 our consolidated financial statements, and
no written report or oral advice was provided to us that Salberg
concluded was an important factor considered by us in reaching a
decision as to the accounting, auditing or financial reporting
issue or (ii) any matter that was the subject of a disagreement
or reportable event as defined in Regulation S-K, Item
304(a)(1)(iv) and Item 304(a)(1)(v).
Item 9.01. Financial Statements and Exhibits.
|16.1||Letter from AMC Auditing, LLC|
About PETROTERRA CORP. (OTCMKTS:PTRA)
PetroTerra Corp. is a development-stage company. The Company holds oil and gas leases for property in the Central Utah Thrust Belt in Sevier County and Beaver County, Utah. As of March 31, 2016, the Company’s leases covered 5,950.54 gross acres in Sevier and Beaver counties in southwest Utah. The Company’s Sevier leases are UTU-89243 and UTU-89244, and its Beaver county lease is UTU-86466. As of March 31, 2016, the Company had not generated any revenues. The Company focuses on seeking a strategic alternative both inside and outside of the oil and gas market. The Company was an independent exploration and development company focused on the acquisition of property. PETROTERRA CORP. (OTCMKTS:PTRA) Recent Trading Information
PETROTERRA CORP. (OTCMKTS:PTRA) closed its last trading session down -0.0100 at 0.0500 with 3,000 shares trading hands.