Item 4.01 Changes in Registrant's Certifying Accountant
(a) On March 14, 2022, New Momentum Corporation, a Nevada corporation (the
"Company"), received notice dated March 11, 2022, from Total Asia Associates
Plt. ("Total Asia Associates"), that Total Asia Associates had resigned as the
independent registered public accounting firm of the Company.
The reports of Total Asia Associates regarding the Company's financial
statements as of December 31, 2020 and 2019 and the statement of operations,
stockholders' equity (deficit) and cash flows for the years then ended,
contained no adverse opinion or disclaimer of opinion, nor were they qualified
or modified as to uncertainty, audit scope, or accounting principle. The
reports of Total Asia Associates, however, stated that there is substantial
doubt about the Company's ability to continue as a going concern.
For the years ended December 31, 2020 and 2019, and during the subsequent
interim period through the date of dismissal, the Company had no disagreement
with Total Asia Associates on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreement, if not resolved to the satisfaction of Total Asia Associates,
would have caused them to make reference thereto in their report on the
Company's financial statements for such year ended December 31, 2020 and 2019.
There were no reportable events, as listed in Item 304(a)(1)(v) of Regulation
S-K.
The Company provided Total Asia Associates a copy of the above disclosures and
requested Total Asia Associates to furnish a letter addressed to the Securities
and Exchange Commission stating whether or not it agrees with the above
statements. Total Asia Associates's response is attached as Exhibit 16.1 to
this Current Report on Form 8-K.
(b) On March 14, 2022, the Board of Directors of the Company resolved to engage
the independent registered public accounting firm of J&S Associate ("J&S
Associate"), the Company's new independent registered public accountants, which
appointment J&S Associates has accepted with the dismissal of Total Asia
Associates.
During the two most recent fiscal years and the interim period preceding the
engagement of J&S Associate, the Company has not consulted with J&S Associate
regarding either: (i) the application of accounting principles, (ii) the type of
audit opinion that might be rendered by J&S Associate or (iii) any other matter
that was the subject of disagreement between the Company and its former auditor
as described in Item 304(a)(1)(iv), or a reportable event as described in
paragraph 304(a)(1)(v), of Regulation S-K. The Company did not have any
disagreements Total Asia Associates and therefore did not discuss any past
disagreements with J&S Associate.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit Description
16.1 Letter from Total Asia Associates Plt., dated March 14, 2022
104 Cover Page Interactive Data File (embedded within Inline XBRL document).
2
© Edgar Online, source Glimpses