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| SYMX > SEC Filings for SYMX > Form 8-K on 4-Jan-2013 | All Recent SEC Filings |
4-Jan-2013
Changes in Registrant's Certifying Accountant, Financial Statements
Effective January 2, 2013, the Audit Committee of the Board of Directors of Synthesis Energy Systems, Inc. (the "Company") approved the dismissal of PricewaterhouseCoopers LLP ("PwC") as the Company's independent registered public accounting firm.
PwC's audit reports on the consolidated financial statements of the Company and subsidiaries (a development stage enterprise) as of June 30, 2012 and 2011 and for the years then ended did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
During the fiscal years ended June 30, 2012 and 2011 and the subsequent interim period through January 2, 2013, there were no: (i) disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreement(s) in connection with its reports, or (ii) "reportable events" as defined in Regulation S-K, Item 304(a)(1)(v), except that, during the year ended June 30, 2011, the Company reported the existence of a material weakness in Company's internal control over financial reporting relating to ensuring that financial reporting risks arising from complex and non-routine transactions were identified timely and that appropriate accounting policies for such transactions were selected and applied, as more fully described in Item 4 of the Company's Quarterly Reports on Form 10-Q for the periods ended September 30, 2010, December 31, 2010 and March 31, 2011. The Company reported the remediation of this material weakness in Item 9A of its Annual Report on Form 10-K for the year ended June 30, 2011.
PwC was provided a copy of the above disclosures and has furnished the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A letter from PwC is attached hereto as Exhibit 16.1.
Effective January 2, 2013, the Audit Committee of the Board of Directors engaged UHY LLP ("UHY") as its independent registered public accounting firm for the Company's fiscal year ended June 30, 2013. During the fiscal years ended June 30, 2012 and 2011 and the subsequent interim period prior to the engagement of UHY, the Company did not consult with UHY regarding either (i) the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company's consolidated financial statements and neither a written report was provided to the Company or oral advice was provided that UHY concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue or (ii) any matter that was either the subject of a disagreement as defined in (a)(1)(iv) of Item 304 of Regulation S-K and the related instructions to Item 304 of Regulation S-K or a reportable event as that term is defined in (a)(1)(v) of Item 304 of Regulation S-K.
(a) Financial Statements of business acquired
None.
None.
(c) Shell Company Transactions
None.
(d) Exhibits
16.1 Letter from PricewaterhouseCoopers LLP regarding change in independent registered public accounting firm.
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