Item 4.01 Change in Registrant's Certifying Accountant
On March 13, 2023, The OLB Group, Inc. (the "Company") was informed by Daszkal
Bolton LLP ("Daszkal"), the Company's independent registered public accounting
firm, that it had completed a business combination agreement with CohnReznick
LLP. Effective March 30, 2023 when the Company's annual report on Form 10-K was
filed, Daszkal ceased being our registered public accounting firm.
During the fiscal years ended December 31, 2021 and 2022, Daszkal's audit
reports on the Company's financial statements did not contain an adverse opinion
or disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. During the fiscal years ended December 31,
2021 and 202 and the subsequent period through the date of this Current Report
on Form 8-K, (i) there were no disagreements between the Company and Daszkal on
any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedures, which disagreements, if not resolved to
Daszkal's satisfaction, would have caused Daskal to make reference in connection
with Daszkal's report to the subject matter of the disagreement; and (ii) there
were no "reportable events" as the term is described in Item 304(a)(1)(v) of
Regulation S-K, except that Daszkal advised the Company of material weaknesses
in its internal control over financial reporting as of December 31, 2021 and
2020.
The Company provided Daskal with a copy of the disclosures that the Company is
making in response to Item 4.01 on this Current Report on Form 8-K, and
requested that Daskal furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the above statements. The
letter from Daskal, dated March 30, 2023 is filed as Exhibit 16.1 to this
Current Report on Form 8-K.
On March 28, 2023, the Company approved the engagement of MAC Accounting Group,
LLP ("MAC") as the Company's new independent registered public accounting firm,
effective following the Company's filing of its Annual Report on Form 10-K for
the fiscal year ended December 31, 2022. During the fiscal years ended December
31, 2021 and 2022 and through the date of this Current Report on Form 8-K,
neither the Company nor anyone acting on its behalf consulted MAC with respect
to (i) the application of accounting principles to a specified transaction,
either completed or proposed, nor 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 provided that MAC concluded was an
important factor considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue; or (ii) any matter that was
the subject of a disagreement or a "reportable event" as described in Items
304(a)(1)(iv) and (v), respectively, of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
16.1 Letter to Securities and Exchange Commission from Daszkal Bolton LLP
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
© Edgar Online, source Glimpses