On January 18, 2023, we dismissed our independent registered public accounting firm, TAAD LLP, effective immediately. The dismissal was approved by the board of directors.
TAAD LLP reports on our financial statements for the years ended December 31, 2021 and 2022 did not contain any adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. In connection with the audits of the fiscal years ended March 31, 2022 and 2021 and through December 31, 2022, there were (1) no disagreements with TAAD LLP 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 TAAD LLP would have caused TAAD LLP to make reference to the subject matter of the disagreement(s) in connection with its reports; and (2) no “reportable events” as such term is defined in Item 304(a)(1)(v) of Regulation S-K.
We have provided TAAD LLP with a copy of this Form 8-K prior to its filing with the Securities and Exchange Commission and requested that TAAD LLP furnish a letter addressed to the Commission stating whether or not it agrees with the above statements and, if not, stating the respects in which it does not agree. A copy of such letter, dated October 25, 2021, indicating that TAAD LLP is in agreement with these disclosures, is filed as Exhibit 16.1 to this Form 8-K.
On January 18, 2023, we engaged Olayinka Oyebola & Co (OO) as our independent registered public accountant effective immediately. The engagement was approved by the board of directors. During the fiscal years ended March 31, 2022 and 2021 and through December 31, 2022, we did not consult with OO regarding (1) the application of accounting principles to a specified transaction, (2) the type of audit opinion that might be rendered on our financial statements, (3) written or oral advice provided that would be an important factor considered by us in reaching a decision as to an accounting, auditing or financial reporting issue, or (4) any matter that was the subject of a disagreement between our company and our predecessor auditor as described in Item 304(a)(1)(iv) or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.