Business Context and Reporting Period
This Form 8-K is filed by Property Management Corporation of America (not Fingermotion, Inc.) for the reporting period ending April 30, 2016. The filing addresses a change in the registrant's certifying accountant.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document notes that prior audit reports for the years ended February 28, 2015, and the period from inception to February 28, 2014, included an explanatory paragraph regarding a going concern.
Material Changes
- Accountant Departure: Li & Company, the independent registered public accounting firm, declined re-appointment for the year ending February 29, 2016, and will not perform the annual audit for that period.
- Accountant Appointment: The Company engaged Weinberg & Company, P.A. as the new independent registered public accounting firm, effective May 1, 2016.
- Audit History: There were no disagreements with Li & Company regarding accounting principles, financial statement disclosure, or auditing scope/procedures during the years ended February 28, 2016 and 2015, or through April 30, 2016.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the implication of the prior "going concern" qualification. The primary contingency noted is the transition of audit responsibilities from Li & Company to Weinberg & Company, P.A.
Investor Verification Checklist
- Verify the status of the "going concern" qualification mentioned in prior audit reports.
- Confirm the engagement letter and scope of work with the new auditor, Weinberg & Company, P.A.
- Review the attached letter from Li & Company (Exhibit 16.1) for any additional context on the departure.
- Check for subsequent filings regarding the completion of the audit for the year ended February 29, 2016.