Business Context and Reporting Period
This Form 8-K is filed by PureSnax International, Inc. (not Iqstel Inc.) with a report date of May 11, 2017, covering an event that occurred on April 28, 2017. The filing discloses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Accountant Change: On April 28, 2017, the Company dismissed Anton & Chia, LLP ("A&C") as its independent registered public accounting firm.
- New Engagement: On the same date, the Company engaged Boyle CPA, LLC ("Boyle") to serve as the new independent registered public accounting firm for the fiscal year ending June 30, 2016.
- Approval: Both the dismissal and the new engagement were approved by the Company's Audit Committee.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. Regarding risks and contingencies, the Company stated that during the most recent fiscal year ended June 30, 2016, and the interim period through April 28, 2017, there were no consultations with the new firm (Boyle) regarding accounting principles, audit opinions, or any matters involving disagreements or reportable events.
Investor Verification Checklist
- Verify the reasons for dismissing the previous auditor, Anton & Chia, LLP, as they are not detailed in this filing.
- Confirm the status of the audit for the fiscal year ending June 30, 2016, now that a new firm has been engaged.
- Review the Company's most recent financial statements to assess the impact of the auditor change on financial reporting reliability.