China Intelligence (PINK:IICN)

GeoProfile
Overview
GeoResearch
Message Board
Alerts Log
GeoWire Log
Third party data
Quote
Level II
Historical Prices
Options
Profile
Financials
Charts
News
Filings
Insiders

Do you represent this company?

Learn how we can help increase your exposure to investors.

All Auditor trail CFO Trail Comments & Business Outlook Contract Awards Corporate Governance Deal Flow Investor Alert Joint Venture Liquidity Requirements

Thursday, November 17, 2011

JINAN, China, November 17, 2011 /PRNewswire-Asia-FirstCall/ -- China Intelligence Information Systems, Inc. ("China Intelligence", "The Company") (PINK: IICN), who offers virtualization technology application and cloud computing products in the People's Republic of China, today announced that the Company has engaged Friedman LLP ("Friedman"), as the Company's independent registered accounting firm. The decision to change accountants was approved by China Intelligence's Audit Committee and Board of Directors.

During the past two fiscal years ending December 31, 2010 and 2009, and in the subsequent interim period through November 10, 2011, there were no disagreements between China Intelligence and its former independent accountant, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. Friedman will review the Company's quarterly filings as of March 31, June 30 and September 30 of 2011, and prepare the audit and filing of the Form 10-K with the Securities and Exchange Commission for the fiscal year ending December 31, 2011. Friedman will also reaudit the financial statements as of December 31, 2010.

Permalink

Post a comment

Thursday, July 7, 2011

On June 29, 2011, the Registrant engaged Marcum Bernstein & Pinchuk LLP (“MarcumBP”) as Registrant’s new independent registered public accountant. During the two most recent years ended December 31, 2010 and 2009, and any subsequent interim period through June 29, 2011, the Registrant did not consult with MarcumBP, the newly engaged accountant, regarding any matter described in Item 304(a)(2) of Regulation S-K, including any issue related to Registrant’s financial statements, subject of a disagreement, any reportable event or the type of audit opinion that might be rendered for the Registrant.

On June 29, 2011, the engagement of Registrant’s former independent registered public accountant ("former independent accountant"), Kabani & Company, Inc. (“Kabani”) was dismissed. The change of independent registered public accountant was approved by the Audit Committee of the Board of Directors and by the Board of Directors of the Registrant.

The former independent accountant’s reports on the Registrant’s financial statements for the last two fiscal years did not contain any adverse opinions or disclaimer of opinions, nor were the reports qualified or modified as to audit scope or accounting principles. Furthermore, the accountant’s reports with which accompanied the financial statements for the fiscal years ended December 31, 2009 and 2010 included disclosure of uncertainty regarding the Registrant’s ability to continue as a going concern but did not include any adjustments that might result from the outcome of this uncertainty.

During the Registrant’s past two fiscal years ended December 31, 2010 and 2009, and in the subsequent interim period through June 29, 2011 (the date of the dismissal of the former independent accountant), there were no disagreements between the Registrant and Kabani, the former independent accountant, on any matter of accounting principles or practices, financial statement disclosure or auditing scope and procedure which, if not resolved to the satisfaction of the former accountant, would have caused it to make reference to the subject matter of the disagreement in connection with its report.

The Registrant requested Kabani to furnish a letter addressed to the Securities and Exchange Commission stating whether or not Kabani agrees with the statements in this 8-K. A copy of such letter is filed as exhibit 16.1 to this 8-K.

Permalink