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TSTC > SEC Filings for TSTC > Form 8-K on 13-Jul-2009All Recent SEC Filings

Show all filings for TELESTONE TECHNOLOGIES CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for TELESTONE TECHNOLOGIES CORP


13-Jul-2009

Changes in Registrant's Certifying Accountant, Financial Statements a


Item 4.01 Changes in Registrant's Certifying Accountant.

On July 8, 2009, Mazars CPA Limited resigned as the independent registered public accounting firm for Telestone Technologies Corporation (the "Company").

For fiscal years 2008 and 2007, Mazars CPA Limited's reports on the financial statements of the Company did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to any uncertainty, audit scope or accounting principles.

During the Company's fiscal years ended December 31, 2008 and 2007 and through July 8, 2009, (i) there were no disagreements between the Company and Mazars CPA Limited on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Mazars CPA Limited would have caused Mazars CPA Limited to make reference to the subject matter of disagreement in connection with its reports on the Company's financial statements, and (ii) there were no reportable events as that term is described in Item 304(a)(1)(iv) of Regulation S-K.

On July 9, 2009, the Company engaged QC CPA Group, LLC as the Company's new independent registered public accounting firm to audit the Company's financial statements for the year ending December 31, 2009. The Company's Audit Committee and Board of Directors recommended, authorized, and approved the decision to engage QC CPA Group, LLC to serve as the Company's independent registered public accounting firm.

On July 13, 2009, the Company provided Mazars CPA Limited with a copy of this Form 8-K, and requested that Mazars CPA Limited furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. Mazars CPA Limited provided us with such a letter on July 13, 2009. The letter is attached as Exhibit 16.1 to this report on Form 8-K.

On July 13, 2009, the Company issued a press release announcing the engagement of QC CPA Group, LLC as its new independent registered public accounting firm. A copy of the press release is attached as Exhibit 99.1 to this report on Form 8-K.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

16.1   Letter from Mazars CPA Limited dated July 13, 2009.
99.1   Press Release of Telestone Technologies Corporation, engaging QC CPA Group,
       LLC as its independent registered public accounting firm, dated July 13,
       2009.

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