Is it good to change auditors all the time?These guys seem to do it with great regularity:
Form 8-K for GLOBAL 8 ENVIRONMENTAL TECHNOLOGIES, INC.
30-Jun-2008
Changes in Registrant's Certifying Accountant
Item 4.01 Change in Registrant's Certifying Accountant
On June 24, 2008, Hawkins Accountancy ("Hawkins") was dismissed as the Registrant's independent auditor. The decision to dismiss Hawkins was approved by the Registrant's
Board of Directors upon recommendation by its audit committee. Hawkins served as the Registrant's independent auditor for the Registrant's fiscal year ended September 30, 2007. Hawkins report on the Registrant's consolidated financial statements for the year ended September 30, 2007 (the "Report") did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. However, the Report was modified to include an explanatory paragraph wherein Hawkins expressed substantial doubt about the Registrant's ability to continue as a going concern.
During the Registrant's fiscal year ended September 30, 2007, and during the period from October 1, 2007 until June 23, 2008, there were no disagreements with Hawkins on any matter of
accounting principles or practices, financial statement disclosures, or auditing scope or procedure, which disagreements, if not resolved to Hawkins satisfaction, would have caused Hawkins to make reference thereto in their Report on the Registrant's financial statements for this fiscal year.
On June 24, 2008, the Registrant engaged a PCAOB registered accounting firm Gruber & Company, LLC ("Gruber"), Certified Public Accountants, as the Registrant's independent accountant to report on the Registrant's consolidated balance sheet as of September 30, 2008, and the related consolidated statements of operations, stockholders' equity and cash flows for the year then ended. The decision to appoint Gruber was approved by the Registrant's Board of Directors upon recommendation by its audit committee. Prior to engaging the new accountant, the Registrant did not consult with Gruber regarding the application of accounting principles to any contemplated or completed transactions nor the type of audit opinion that might be rendered on the Registrant's
financial statements, and neither written nor oral advice was provided that would be an important factor considered by the Registrant in reaching a decision as to an accounting, auditing or financial reporting issue.
The Registrant has requested Hawkins to review the disclosures contained herein and has provided Hawkins the opportunity to furnish the Registrant with a letter addressed to the Commission containing any new information, clarification of the Registrant's expression of Hawkins views, or the respects in which Hawkins does not agree with the statements contained herein. Hawkins has reviewed the disclosure contained herein and has provided to the Registrant a letter addressed to the Securities and Exchange Commission stating that it has reviewed the disclosure provided in this Current Report and has no disagreement with the relevant portions of this disclosure, pursuant to the requirements of Item 304(a)(3) of Regulation S-B. A copy of such letter is filed as Exhibit 16 to this Current Report on Form 8-K.