Item 4.01 Changes in Registrant's Certifying Accountant.
On December 21, 2021, the Board of Directors of LiquidValue Development Inc.
(the "Company") dismissed Briggs & Veselka Co. ("B&V") as its independent
registered public accounting firm at the recommendation of the Audit Committee.
B&V's audit report on the Company's financial statements for the year ended
December 31, 2020 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 year ended December 31, 2020 and during the subsequent
interim period preceding the date of dismissal, there were (i) no disagreements
with B&V on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, and (ii) no reportable
events (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company has requested B&V to furnish it with a letter addressed to the U.S.
Securities and Exchange Commission stating whether it agrees with the statements
made above by the Company. The Company has filed this letter as an exhibit to
this Current Report on Form 8-K.
On December 22, 2021, the Company engaged Grassi & Co., CPAs, P.C. ("Grassi") as
its independent registered public accounting firm for the Company's fiscal year
ending December 31, 2021. The decision to engage Grassi was recommended by the
Company's Audit Committee and 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 Grassi regarding either:
1. The application of accounting principles to any specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Company's financial statements, and neither a written report was provided
to the Company nor oral advice was provided that Grassi & Co. concluded was
an important factor considered by the Company 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 Exhibit
16.1 Letter from Briggs & Veselka Co. dated December 23, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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