The Pulse Network, Inc. (NYSE:CBS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant
(a) On February 13, 2017, The Pulse Network, Inc., a Nevada
corporation (the Company), received notice from Stowe Degon LLC
(Stowe Degon), that Stowe Degon had resigned as the independent
registered public accounting firm of the Company.
Except as described in the next sentence, the reports of Stowe
Degon regarding the Companys financial statements as of March 31,
2015 and 2014 and the statement of operations, stockholders
equity (deficit) and cash flows for the years then ended,
contained no adverse opinion or disclaimer of opinion, nor were
they qualified or modified as to uncertainty, audit scope, or
accounting principle. The reports of Stowe Degon, stated that
there is substantial doubt about the Companys ability to continue
as a going concern. Stowe Degon did not render a report for the
Companys financial statements as of March 31, 2016 or the
statement of operations, stockholders equity (deficit) and cash
flows for the year then ended because the Company has not yet
prepared financial statements for audit by Stowe Degon.
For the years ended March 31, 2015 and 2014, and during the
subsequent interim period through February 22, 2016, the Company
had no disagreement with Stowe Degon on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement, if not resolved
to the satisfaction of Stowe Degon, would have caused them to
make reference thereto in their report on the Companys financial
statements for such year ended March 31, 2015 and 2014. There
were no reportable events, as listed in Item 304(a)(1)(v) of
Regulation S-K.
The Company provided Stowe Degon a copy of the above disclosures
and requested Stowe Degon to furnish a letter addressed to the
Securities and Exchange Commission stating whether or not it
agrees with the above statements. Stowe Degons response is
attached as Exhibit 16.2 to this Current Report on Form 8-K.
The Board of Directors of the Company has not resolved to engage
a new independent registered public accounting firm of the
Company, but has commenced a search for a new independent
registered public accounting firm for the Company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
|
Exhibit |
|
Description |
|
16.1 |
|
Letter from Stowe Degon LLC, dated February 13, 2017 |
|
16.2 |
|
Letter from Stowe Degon LLC, dated February 15, 2017 |
About The Pulse Network, Inc. (NYSE:CBS)
CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films. The Company’s Cable Networks segment is composed of Showtime Networks; CBS Sports Network, and Smithsonian Networks. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints, such as Simon & Schuster, Pocket Books, Scribner, Gallery Books, Touchstone and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, its approximately 30 owned broadcast television stations, and CBS Radio, through which it owns and operates radio stations in the United States markets. It operates businesses, which span the media and entertainment industries. The Pulse Network, Inc. (NYSE:CBS) Recent Trading Information
The Pulse Network, Inc. (NYSE:CBS) closed its last trading session up +0.18 at 65.42 with 5,978,438 shares trading hands.