Item 4.01 Changes in Registrant's Certifying Accountant
(a) On June 23, 2020, Skkynet Cloud Systems, Inc. (the "Company") dismissed
MaloneBailey, LLP ("MaloneBailey"), as the Company's independent registered
public accounting firm.
The decision to dismiss MaloneBailey was recommended to and approved by the
Company's Board of Directors.
The reports of MaloneBailey on the Company's financial statements as of and for
the fiscal years ended October 31, 2019 and 2018 did not contain an adverse
opinion or a disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
During the fiscal years ended October 31, 2019 and 2018, and the subsequent
interim period through April 30, 2020, there were no (i) "disagreements" (as
that term is defined in Item 304(a)(1)(iv) of Regulation S-K) with MaloneBailey
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved
to MaloneBailey's satisfaction, would have caused MaloneBailey to make reference
to the subject matter thereof in its report for such fiscal years, or (ii)
"reportable events" as that term is described in Item 304(a)(1)(v) of Regulation
S-K, except for the material weaknesses described in Item 9A of the Company's
Annual Report on Form 10-K for the year ended October 31, 2019.
In accordance with Item 304(a)(3) of Regulation S-K, we furnished MaloneBailey
with a copy of this Form 8-K on June 23, 2020, providing MaloneBailey with the
opportunity to furnish the Company with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the statements made by the
Company herein in response to Item 304(a) of Regulation S-K as the same pertains
to MaloneBailey and, if not, stating the respect in which it does not agree. A
copy of MaloneBailey's letter, dated June 24, 2020 is filed as Exhibit 16.1
herewith.
(b) On June 23, 2020, the Company appointed Fruci & Associates II, PLLC ("Fruci
& Associates"), as its independent registered public accounting firm.
During the Company's most recent fiscal year end and any subsequent interim
period preceding the engagement of Fruci & Associates, neither the Company nor
anyone acting on our behalf, has consulted with Fruci & Associates regarding
either: (i) the application of accounting principles to a specified transaction,
either contemplated or proposed, (ii) the type of audit opinion that might be
rendered on the Company's financial statements, or (iii) any matter that was
either the subject of a disagreement between the Company and Fruci & Associates
as described in Item 304(a)(1)(iv) of Regulation S-K or a reportable event as
described in Item 304(a)(1)(v) of Regulation S-K.
© Edgar Online, source Glimpses