Item 4.01 Changes in Registrant's Certifying Accountant.
a. Resignation of Manohar Chowdhry & Associates
On May 11, 2023, Duo World, Inc. ("Company") received notice via email from our
Certifying Accountant, Manohar Chowdhry & Associates, that Mr. Ashok Kumar
Doddi, who was the Engagement Partner for the Independent Audit of the Company,
as well as the engagement team who was executing the audit of the Company, had
exited Manohar Chowdhry & Associates, effective April 1, 2023. Manohar Chowdhry
& Associates also advised the Company that it had closed down the operations of
the branch of T.R. Nagar, Bengaluru from where the audit engagement of our
Company was carried out, and that Manohar Chowdhry & Associates had no other
resources that could be deployed for executing the audit of the Company.
Manohar Chowdhry & Associates´report on the Company's financial statements for
the fiscal years ended March 31, 2022, and March 31, 2021, did not contain an
adverse opinion or a disclaimer of opinion, and was not qualified or modified as
to uncertainty, audit scope, or accounting principles with the exception that
Manohar Chowdhry & Associates' Audit Reports for the fiscal years ended March
31, 2022, and March 31, 2021, contained an explanatory note which raised
substantial doubt as to the ability of the Company to continue as a going
concern.
During the Company's fiscal years ended March 31, 2022, and March 31, 2021, and
the subsequent interim period from March 31, 2022, up to and until May 11, 2023,
the date of the resignation of Manohar Chowdhry & Associates, the Company did
not have any disagreements with Manohar Chowdhry & Associates on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction of
Manohar Chowdhry & Associates, would have caused it to make reference to the
subject matter of the disagreements in connection with its reports.
The Company provided Manohar Chowdhry & Associates with a copy of the
disclosures set forth in this Current Report on Form 8-K, and requested that
Manohar Chowdhry & Associates furnish the Company with a letter addressed to the
SEC stating whether it agrees with the statements made by the Company herein. A
copy of Manohar Chowdhry & Associates letter to the SEC is attached hereto as
Exhibit 16.
b. Engagement of CNGSN and Associates LLP
The Company has engaged CNGSN and Associates LLP, Bengaluru, to serve as the
independent registered public accounting firm responsible for auditing the
Company's financial statements. The engagement of CNGSN and Associates LLP,
effective May 16, 2023, was approved by the Company's Board of Directors. The
Company does not have an audit committee.
Neither the company nor any one on behalf of the Company consulted CNGSN and
Associates LLP during the two most recent fiscal years and any subsequent period
up to and through the date of engaging CNGSN and Associates regarding accounting
or auditing matters. However, the engagement partner who was formerly with
Manohar Chowdhry & Associates and the engagement team that audited our Company's
financial statements have joined CNGSN and Associates LLP and we have obviously
discussed the transition between accounting firms with those people.
Item 9.01 Financial Statements and Exhibits.
c. Exhibits Description of Exhibits
16 Letter from former certifying public accountant to the SEC dated
June 8, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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