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TPI > SEC Filings for TPI > Form 8-K on 4-Nov-2013All Recent SEC Filings

Show all filings for TIANYIN PHARMACEUTICAL CO., INC. | Request a Trial to NEW EDGAR Online Pro

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


4-Nov-2013

Changes in Registrant's Certifying Accountant


Item 4.01. Changes in Registrant's Certifying Account

On October 8, 2013, we filed a current report on Form 8-K (the "Original 8-K"), as amended on October 15, 2013, to disclose that 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.

On November 4, 2013, we signed an Engagement Letter with Paritz & Company, P.A. ("Paritz") to engage Paritz as the independent accountants to audit the Company's financial statements for the years ended June 30, 2014 and 2013, effective immediately. Our Audit Committee and the Board of Directors have both unanimously approved the engagement of Paritz.

During the Company's two most recent fiscal year and through any subsequent interim periods preceding the engagement of Paritz, the Company (a) has not engaged Paritz as either the principal accountant to audit the Company's financial statements, or as an independent accountant to audit a significant subsidiary of the Company and on whom the principal accountant is expected to express reliance in its report; and (b) has not consulted with Paritz regarding
(i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report or oral advice was provided to the Company by Paritz concluding there was an important factor to be considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K or a reportable event, as that term is described in Item 304(a)(1)(v) of Regulation S-K.


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