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| PRBL.OB > SEC Filings for PRBL.OB > Form 8-K on 13-Feb-2004 | All Recent SEC Filings |
13-Feb-2004
Changes in Certifying Accountant
On February 9, 2004, Powerball International, Inc. (the "Registrant") received notice from its independent accountants, Chisholm & Associates, PC ("Chisholm"), that Chisholm was merging with a new entity to become Chisholm, Bierwolf & Nilson, LLC ("CB&N") Therefore, Chisholm was resigning as the Registrant's independent accountant. The Registrant's board of directors accepted Chisholm's resignation and has engaged CB&N as its independent auditor.
Chisholm was engaged as the Registrant's independent accountant on October 24, 2003 and has not prepared or filed an audit report for the Registrant. Other than a going concern qualification, the review report of Chisholm on the financial statements for the interim period since its engagement contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. The Registrant has not had any disagreements with Chisholm on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to Chisholm's satisfaction, would have caused Chisholm to make reference to the subject matter of the disagreement in connection with its reports.
During the Registrant's two most recent fiscal years preceding the appointment as independent accountants, neither the Registrant nor anyone on its behalf consulted CB&N 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 Registrant's financial statements, nor has CB&N provided to the Registrant a written report or oral advice regarding such principles or audit opinion.
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