Item 4.01 Change in Registrant's Certifying Accountant
On February 11, 2022, EXEO Entertainment, Inc. (the "Company") approved the
selection of BF Borgers CPA PC ("BF Borgers") as its independent registered
public accounting firm replacing Prager Metis CPAs, LLC ("Prager").
(a) Resignation of Independent Registered Public Accounting Firm
On January 7, 2022, the Company received notification that Prager as the
Company's independent registered public accounting firm determined that they
would not stand for reappointment. Prager was engaged by the Company on February
1, 2019, for the Company's fiscal year ended November 30, 2019. The reports of
Prager on the financial statements of the Company as of and for the fiscal year
ended November 30, 2019 and the subsequent interim period from November 30, 2019
through the date of this report, contained no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles. The change was approved by the Company's Board of
Directors.
During the Company's fiscal years ended November 30, 2020 and 2019 and the
subsequent interim period from November 30, 2020 through the date of this
report: (i) there have been no disagreements with Prager 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
Prager, would have caused it to make reference to the subject matter of the
disagreement in connection with its reports for such periods and (ii) there were
no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Prager with a copy of this disclosure set forth under this
Item 4.01 and was requested to furnish a letter addressed to the Securities and
Exchange Commission stating whether or not it agrees with the statements. A copy
of the letter from Prager is attached hereto as Exhibit 16.
(b) Engagement of Independent Registered Public Accounting Firm
On February 11, 2022 (the "Engagement Date"), the Company engaged BF Borgers CPA
PC ("BF Borgers") as its registered public accounting firm for the Company's
fiscal year ended December 31, 2020. The decision to engage BF Borders as the
Company's independent public accounting firm was approved by the Company's Board
of Directors
During the two most recent fiscal years and through the Engagement Date, the
Company has not consulted with BF Borgers regarding either:
1. The application of accounting principles to a specified transaction,
either completed or proposed; or the type of audit opinion that
might be rendered on the Company's financial statements, and either
a written report was provided to the registrant or oral advice was
provided that the new accountant concluded was an important factor
considered by the registrant in reaching a decision as to the
accounting, auditing or financial reporting issue; or
2. Any matter that was either the subject of a disagreement (as defined
in paragraph (a)(1)(iv) of Item 304 of Regulation S-K and the
related instructions thereto) or a reportable event (as described
in paragraph (a)(1)(v) of Item 304 of Regulation S-K).
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit
Number Description
16.1 Letter to EXEO Entertainment, Inc. from Prager Metis, LLC dated
January 7, 2022
104 Cover Page Interactive Data File (the cover page tags are embedded
within the Inline XBRL document).
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