8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934

Date of Report (Date of earliest event reported):

July 8, 2021

SUMMIT NETWORKS, INC.

(Name of small business in its charter)

S101-5289 Cambie Street

Vancouver BC Canada V5Z

0J5

(Address of principal executive offices)

Registrant’s telephone number:

604-336-5353

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒  No

Securities registered pursuant to Section 12(b) of the act: None

Explanatory Note

This current report on Form 8-K is being filed as an amendment to include a letter from the Company’s prior audit firm in accordance with the requirements of Item 3.04 of Regulation S-K. That firm was dismissed. The Company’s 10-Q for the period ending June 30, 2021 was reviewed by the Company’s new accounting firm Assenture and was filed on August 11, 2021.

Item 4.01 Changes In Registrant’sCertifying Accountant

The Board of Directors of Summit Networks, Inc. (the “Company”), acting as the Company’s Audit Committee, announces that it has appointed Assenture as the Company’s independent auditor for the 2021 fiscal year ending July 31, 2021, replacing Prager Metis CPA’s, LLC (“PMC”). Assenture’s address is 20 Maxwell Road, #11-07/08 Maxwell House, Singapore 069113.

This action effectively terminates the Company’s engagement of PMC for the fiscal year ending July 31, 2021. Through the date of this Form 8-K, there have been no disagreements with PMC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to PMC’s satisfaction would have caused them to make reference to the subject matter of the disagreement in connection with their reports

The Company has provided PMC with a copy of this form 8-K and the Company has requested that PMC furnish a letter addressed to the Commission stating whether they agree with the statements above.

For the years ended July 31, 2019 and 2020 and through the date of this form 8-K, neither the Company nor anyone acting on the Company’s behalf consulted Assenture with respect to 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 consolidated financial statements, or any other matters or reportable events as defined in Item 304(a)(2)(i) and (ii) of Regulation S-K. Assenture has been asked to review this disclosure and Assenture has been provided an opportunity to furnish a letter to the SEC containing any new information, clarification, or disagreement with the statements made herein.

Item 9.01 Financial Statementsand Exhibits

1

SIGNATURES

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 thereunto duly authorized.

2

Exhibit 99.1

Prager Metis CPAs, LLC<br><br> <br>________<br><br> <br><br><br> <br>401 HACKENSACK AVENUE<br><br> <br>4TH FLOOR<br><br> <br>HACKENSACK, NJ 07601<br><br> <br><br><br> <br>T 201.342.7753<br><br> <br>F 201.820.2691<br><br> <br><br><br> <br>www.pragermetis.com	August 26, 2021<br><br> <br><br><br> <br>Securities and Exchange Commission<br><br> <br><br><br> <br>100 F Street, N.E.<br><br> <br>Washington, D.C. 20549-7561<br><br> <br><br><br> <br>Dear Sirs/Madams:<br><br> <br><br><br> <br>We have reviewed Item 4.01 of Form 8-K and<br> disagree with the contents.<br><br> <br><br><br> <br><br><br><br><br>The 8-K Report filed today by Summit Networks,<br>Inc. (“the Company”) fails to disclose that Prager Metis CPAs LLC (“Prager Metis”) did not review the 10-Q for<br>the period ending June 30, 2021 which was filed on August 11, 2021. As of the date of the filing of such 10-Q Report, the Company had<br>not reported publicly any change in auditor. Accordingly, the SEC and the public market would have concluded that Prager Metis had reviewed<br>the financial statements included in the 10-Q report. We did not review the financial statements contained therein as required by the<br>SEC’s rules and regulations. Accordingly, the 10-Q Report is misleading, and the 8-K Report should also include disclosure under<br>Item 4.02 that such financial statements should therefore not be relied upon as having not been reviewed by this firm.<br><br><br><br><br><br><br><br>We understand that under applicable SEC regulations,<br>the Company is required to file this letter as an exhibit to the Form 8-K. In addition, the Form 8-K incorrectly states the Company’s<br>yearend as July 31, when in fact, its yearend is September 30.<br><br><br><br><br><br><br><br>We request that the Company amend the June 30,<br>2021 Form 10-Q to disclose that the financial statements have not been reviewed by Prager Metis.<br><br><br><br><br><br><br><br><br><br> <br>Very truly yours,<br><br> <br><br><br> <br><br><br> <br>
An affiliate of Prager Metis International	NORTH AMERICA	EUROPE	ASIA
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