VALUESETTERS INC. (OTCMKTS:VSTR) Files An 8-K Changes in Registrant’s Certifying Accountant

VALUESETTERS INC. (OTCMKTS:VSTR) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrant’s Certifying Accountant.

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(a) On July 14, 2017 the Board of Directors of Valuesetters, Inc. (the “Company”) voted to dismiss KLJ & Associates, LLP (the “Former Accountant”) from its position as the principal independent accountant for the Company and hired Fruci & Associates II, PLLC (the “New Accountant”). There is no audit committee of the Board of Directors.

The Former Accountant’s audit reports on the Company’s financial statements for the fiscal years ended April 30, 2016 and 2015 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles, but were qualified as to the uncertainty of continuing as a going concern. In connection with the audits of the Company's financial statements for the fiscal years ended April 30, 2016 and 2015, and in the subsequent period through July 14, 2017, there were no disagreements with the Former Accountant on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedures which, if not resolved to the satisfaction of the Former Accountant, would have caused the Former Accountant to make reference to the matter in their report. There were no reportable events (as that term is described in Item 304(a)(1)(v) of Regulation S-K) during the two fiscal years ended April 30, 2016 and 2015, or in the subsequent period through July 14, 2017.

The Company has provided a copy of the foregoing disclosures to the Former Accountant and requested that the Former Accountant furnish it with a letter addressed to the Securities and Exchange Commission stating whether the Former Accountant agrees with the above statements. A copy of the Former Accountant’s letter, dated August 8, 2017, is filed as Exhibit 16.1 to this Form 8-K.

(b) During the two most recent fiscal years and in the subsequent period through July 14, 2017, the Company has not consulted with the New Accountant with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that would have been rendered on the Company’s consolidated financial statements, or any other matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


ValueSetters Inc. Exhibit
EX-16.1 2 vstr8k080817ex16_1.htm     August 8,…
To view the full exhibit click here

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