Destiny Media Technologies Inc 8-K, filed Aug 31, 2022
Destiny Media Technologies Inc (DSNY)
About this 8-K
Destiny Media Technologies Inc filed this 8-K on August 31, 2022.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
CURRENT REPORT
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Item 4.01 Change in Registrant's Certifying Accountant
(a) Dismissal of Previous Independent Registered Public Accounting Firm
On August 31, 2022, the Audit Committee of the Board of Directors (the "Audit Committee") of Destiny Media Technologies Inc. (the "Company") dismissed Davidson & Company LLP ("Davidson") as the Company's independent registered public accounting firm. The dismissal of Davidson is a result of a competitive proposal process performed by the Audit Committee and is effective immediately.
The reports of Davidson on the Company's financial statements for the years ended August 31, 2021 and 2020 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle.
During the years ended August 31, 2021 and 2020, and during the subsequent interim period from September 1, 2021 through August 31, 2022, there were (i) no disagreements between the Company and Davidson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which, if not resolved to Davidson's satisfaction, would have caused Davidson to make reference thereto in its reports, and (ii) no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K.
The Company has provided Davidson with a copy of this Form 8-K prior to its filing with the U.S. Securities and Exchange Commission ("SEC") and has requested that Davidson furnish a letter addressed to the SEC stating whether or not it agrees with the statements made herein. A copy of this letter is included herewith as Exhibit 16.1.
(b) Engagement of New Independent Registered Public Accounting Firm
Concurrently therewith, the Audit Committee approved the selection of Smythe LLP ("Smythe") as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2022.
During the two most recent fiscal years ended August 31, 2021 and 2020, and during the subsequent interim period from September 1, 2021 through August 31, 2022, neither the Company nor anyone on its behalf consulted Smythe regarding either 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 or any matter that was either the subject of a "disagreement" (within the meaning of Item 304(a) of Regulation S-K) or a "reportable event" (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits.
| 99.1 | Letter from Davidson & Company LLP dated August 29, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DESTINY MEDIA TECHNOLOGIES INC. | ||
| Date: August 31, 2022 | ||
| By: | /s/ FRED VANDENBERG | |
| FRED VANDENBERG | ||
| Chief Executive Officer, President and Secretary | ||
August 29, 2022
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Ladies and Gentlemen:
We have read Item 4.01 of Form 8-K dated August 31, 2022 of Destiny Media Technologies Inc. (the "Company") and are in agreement with the statements contained in paragraphs 1, 2 and 3 on Page 2 therein. We have no basis to agree or disagree with the other statements of the registrant contained therein.
Yours very truly,
DAVIDSON & COMPANY LLP
Chartered Professional Accountants
