Technical Communications Corporation (NASDAQ:TCCO) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01
Effective May 25, 2018, Moody, Famiglietti & Andronico, LLP (“MFA”) was dismissed as the independent certified public accounting firm of Technical Communications Corporation (the “Company”). The audit committee of the Company’s Board of Directors participated in and approved the decision to change independent registered public accounting firms.
The reports of MFA on the Company’s financial statements for each of the past two fiscal years 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, except that the report for the year ended September 30, 2017 was modified to report an uncertainty that raised substantial doubt as to the Company’s ability to continue as a going concern.
In connection with the audits of the Company’s financial statements for each of its two most recent fiscal years and through May 24, 2018, there have been no disagreements between the Company and MFA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope and procedures which disagreement, if not resolved to the satisfaction of MFA, would have caused it to make reference to the subject matter of such disagreement in connection with its reports on the financial statements for such periods.
During the Company’s two most recent fiscal years and through May 24, 2018, there have been no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K) with MFA.
The Company provided MFA with a copy of the disclosures it is making in this Report on Form 8-K and requested that MFA furnish it with a letter addressed to the Commission stating whether or not it agrees with the above statements. A copy of such letter from MFA is attached as Exhibit 16.1 to this Form 8-K.
Effective May 25, 2018, the Company retained CohnReznick, LLP (“CohnReznick”) to act as the Company’s new independent registered public accounting firm. In accordance with Item 304(a)(2) of Regulation S-K, the Company did not consult CohnReznick 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; or (ii) any matter that was either the subject of a disagreement or a reportable event (each as defined in Item 304(a)(1) of Regulation S-K).
|Item 9.01||Financial Statements and Exhibits.|
|a.||Financial statements of businesses acquired. Not applicable.|
|b.||Pro forma financial information. Not applicable.|
|c.||Shell company transactions. Not applicable|
TECHNICAL COMMUNICATIONS CORP ExhibitEX-16.1 2 exh_161.htm EXHIBIT 16,…To view the full exhibit click
About Technical Communications Corporation (NASDAQ:TCCO)
Technical Communications Corporation (TCC) is engaged in the design, development, manufacture, distribution, marketing and sale of communications security devices, systems and services. The Company’s products consist of electronic devices that enable users to transmit information in an encrypted format and permit recipients to reconstitute the information in a deciphered format if the recipient possesses the right decryption key. The Company’s products consist primarily of voice, data and facsimile encryptors. Its products can be used to protect confidentiality in communications between radios, telephones, mobile phones, facsimile machines and data network equipment over wires, fiber optic cables, radio waves, and microwave and satellite links. The principal markets for the Company’s products are foreign and domestic governmental agencies, law enforcement and military agencies, financial institutions, and multinational companies requiring protection of mission-critical information.