Item 4.01. Changes in Registrant's Certifying Accountant.
(a)
(i) On January 8, 2008, TM Entertainment and Media, Inc. (the "Company") dismissed Goldstein Golub Kessler LLP ("GGK") as independent accountants for the Company.
(ii) GGK's reports on the Company's financial statements for the past year did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
(iii) The Audit Committee of the Company's Board of Directors recommended and approved the decision to change independent accountants.
(iv) During the Company's most recent fiscal year and the subsequent interim period preceding the dismissal of GGK, there were no disagreements with GGK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of GGK, would have caused it to make reference to the subject matter of the disagreements in connection with its reports.
(v) During the Company's most recent fiscal year and the subsequent interim period preceding the dismissal of GGK, there have been no reportable events as set forth in paragraphs (a)(1)(v)(A) through (D) of Item 304 of Regulation S-K. The Company requested that GGK furnish it with a letter addressed to the Commission stating whether or not it agrees with the above statements. A copy of such letter is filed as an Exhibit to this Form 8-K.
(b) The Company engaged Eisner LLP ("Eisner") as its new independent accountants as of January 8, 2008. Prior to such date, the Company, did not consult with Eisner regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter that was the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or a reportable event (as described in paragraph
(a)(1)(v) of Item 304 of Regulation S-K). ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit 16.1 Letter from Goldstein Golub Kessler LLP

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