Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CAST > SEC Filings for CAST > Form 8-K/A on 3-Apr-2013All Recent SEC Filings

Show all filings for CHINACAST EDUCATION CORP | Request a Trial to NEW EDGAR Online Pro



Changes in Registrant's Certifying Accountant, Financial Statements an

Item 4.01. Changes in Registrant's Certifying Accountant.

Effective March 19, 2013, the Board of Directors (the "Board") of ChinaCast Education Corporation (the "Company") dismissed Deloitte Touche Tohmatsu Certified Public Accountants LLP (as successor to Deloitte Touche Tohmatsu CPA Ltd., "Deloitte") from its position as the Company's independent accountant. The Company's dismissal of Deloitte was made based on the recommendations of the Audit Committee of the Board.

As described in Forms 8-K filed on December 21, 2012, and March 25, 2013, the Board had determined, in connection with its ongoing investigation of the questionable activities of its former chairman and chief executive officer Ron Chan Tze Ngon, former president-China Jiang Xiangyuan, former chief financial officer Antonio Sena, former chief accounting officer Jim Ma Lok, and their associates, that the Company's financial statements contained in the Company's annual and quarterly reports for 2007, 2008, 2009, 2010 and the first three quarters of 2011, should not be relied upon. The Company has not filed any financial statements for either fiscal year 2011 or 2012 or for any quarter during 2012.

During the Company's two most recent fiscal years and through the date of this Form 8-K, there were no disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosures, auditing scope or procedure which, if not resolved to the satisfaction of Deloitte, would have caused them to make reference to the subject matter in connection with their reports on the Company's financial statements for such years.

In its report on the Company's 2010 Form 10-K, Deloitte had included an adverse opinion on the Company's internal control over financial reporting because of material weaknesses. Other than this adverse opinion, during the Company's two most recent fiscal years and through the date of this Form 8-K, there were no reportable events, as defined in Item 304 (a)(1)(v) of Regulation S-K.

Deloitte has furnished to the Company a copy of a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of Deloitte's letter, dated April 2, 2013, is filed as Exhibit 16.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

16.1 Letter from Deloitte, dated April 2, 2013, to the Securities and Exchange Commission.

  Add CAST to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CAST - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.