Item 4.01.Changes in Registrant’s Certifying Accountant
Effective as of September 27, 2022, CoJax Oil and Gas Corporation, a Virginia corporation (the “Company”), dismissed Haynie & Company PC (“Haynie”) as the independent registered public accounting firm engaged to audit the Company’s financial statements. Haynie’s dismissal was approved by the Company’s board of directors (“Board”) as of such date.
Haynie had served as the Company’s independent auditor since January 2019. Haynie’s reports on the Company’s financial statements for the fiscal years ended December 2021 and 2020 did not contain any adverse opinions or disclaimers of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that such reports included explanatory paragraphs with respect to the Company’s ability, in light of its accumulated losses and negative cash flows from operations, to continue as a going concern.
During the fiscal years ended December 31, 2021, and 2020, and through September 29, 2022, there were no (a) disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K) with Haynie on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to Haynie’s satisfaction, would have caused Haynie to make reference to the subject matter thereof in connection with its reports for such years; or (b) reportable events, as described under Item 304(a)(1)(v) of Regulation S-K.
The Company provided Haynie with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that Haynie provide a letter addressed to the Securities and Exchange Commission indicating whether it agrees with such disclosures. A copy of Haynie’s letter, dated September 29, 2022, is filed herewith as Exhibit 16.1.
Effective September 30, 2022, the Company engaged Sadler, Gibb & Associates, LLC (“Sadler Gibb”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022.
During the fiscal years ended December 31, 2021, and 2020, and through September 30, 2022, neither the Company nor anyone on its behalf has consulted with Sadler Gibb regarding either (a) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided, nor oral advice was provided to the Company that Sadler Gibb concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (b) any matter that was either the subject of a disagreement (as defined in paragraph 304(a)(1)(iv) of Regulation S-K and the related instructions thereto) or a reportable event (as described in paragraph 304(a)(1)(v)) of Regulation S-K).
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