Business Context and Reporting Period
This Form 8-K is filed by Carlateral, Inc. (not IT Tech Packaging, Inc.) on April 9, 2007. The report discloses a change in the company's independent registered public accounting firm. The company is incorporated in Nevada and its principal executive offices are located in Carson City, Nevada.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Resignation of Former Auditor: MacKay, LLP notified the Company on April 9, 2007, that it had resigned as the independent registered public accounting firm.
- Appointment of New Auditor: On April 9, 2007, the Board of Directors resolved to engage Moore & Associates, Chartered, as the new independent registered public accounting firm. Moore & Associates has accepted the appointment.
- Audit History: MacKay's reports for the period from December 9, 2005 (inception) to February 28, 2006, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The Company reported no disagreements with MacKay on accounting principles, practices, or auditing procedures during the period covered by their reports.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of business risks. The only contingency noted is the transition of audit responsibilities, which was executed without reported disputes between the company and the former auditor.
Investor Verification Checklist
- Verify the reason for MacKay, LLP's resignation by reviewing the attached letter (Exhibit 16).
- Confirm the qualifications and independence of the new auditor, Moore & Associates, Chartered.
- Review the company's most recent financial statements (covering inception to February 28, 2006) to understand the financial baseline prior to the auditor change.
- Monitor future filings for any restatements or qualifications that may arise from the change in accounting firms.