Please ensure Javascript is enabled for purposes of website accessibility
September 24, 2023

Dot VN, Inc. and PLS CPA: A Love Story in One 8-K

Like that miserable couple you know that have been together far too long, here's a, seemingly, dramatic auditor/client interlude, starting with an auditor walking out after years of neglect:

On October 13, 2014, the Company was notified by PLS CPA, a Professional Corp. (“PLS”) that the firm resigned as the Company’s independent registered public accounting firm for internal reasons related to the Company having not requested their services to audit the prior three (3) fiscal years.  The resignation of PLS was accepted by the Company’s board of directors.

Can't you just hear it? : "I feel like I'm invisible! Sometimes I just want to talk about your revenue recognition BUT, NOOOO! You can't be bothered. I'll go find some clients that actually APPRECIATE me for my independence and integrity."

Six months later, guess who comes crawling back:

On April 29, 2015, the Company re-engaged PLS CPA, a Professional Corp. as the Company’s independent registered public accounting firm for the audit of the fiscal year ended April 20, 2012 and for the audits of fiscal years ended April 30, 2013, 2014, and 2015 and to perform the interim quarterly reviews associated with such fiscal years.

"This time it's different! I can't live without you. I'll never leave you hanging for three years ever again!"

Don't trust 'em, PLS. Clients never change.

[8-K via Auditor Carousel]

 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

PwC Canada Totally Blew Their Perfect Score on PCAOB Inspections This Time Around

A few days ago the paper-pushers at the PCAOB released 15 new inspection reports and three expanded reports for the following firms: Inspection reports De Visser Gray LLP (Canada) Ernst & Young Limited Corp. (Panama) Frost, PLLC Harbourside CPA LLP (Canada) Keith K Zhen CPA Maggart & Associates, P.C Miller Wachman LLP PBMares, LLP PKF […]

Old guy in a suit counting his money

PwC Is Suddenly Scared of Making Money

First reported by¬†Financial Times on Sunday, it seems PwC is now overly cognizant of conflicts of interest, even just the perceived ones. PwC is planning to give up tens of millions of dollars of consulting work for its US audit clients to reduce the risk of conflicts of interest, challenging its rival Big Four firms […]