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TPI > SEC Filings for TPI > Form 8-K on 8-Oct-2013All Recent SEC Filings

Show all filings for TIANYIN PHARMACEUTICAL CO., INC.

Form 8-K for TIANYIN PHARMACEUTICAL CO., INC.


8-Oct-2013

Changes in Registrant's Certifying Accountant


Item 4.01. Changes in Registrant's Certifying Account

As of October 8, 2013, the Audit Committee and the Board of Directors of Tianyin Pharmaceutical Co., Inc. (the "Company") both unanimously approved the termination of the Company's independent auditor, Patrizio and Zhao LLC ("P&Z"), due to the fact that P&Z agreed to a cease-and-desist order and prohibition from practicing before the Securities and Exchange Commission (the "SEC") on September 30, 2013, with the right to apply for reinstatement after three years.

From January 25, 2008 when P&Z was engaged, through the termination of the engagement with P&Z on October 8, 2013, there were no: (1) disagreements with P&Z on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to their satisfaction, would have caused them to make reference in connection with their opinion to the subject matter of the disagreements, or (2) reportable events.

The audit reports of P&Z on the consolidated financial statements of the Company as of and for the two most recent fiscal years ended June 30, 2013 and 2012 and in the subsequent interim periods did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.

We are currently evaluating our options of appointing a new independent registered public accounting firm to replace P&Z. When we have finalized our decision to appoint a new independent registered public accounting firm, we will immediately file an amendment to this Form 8-K.

It is our understanding that P&Z's previously issued audit opinions before September 30, 2013, including the audit opinion on the Company's financial statements for the fiscal year ended June 30, 2013, are still valid.


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