Ilustrato Pictures Changes Auditors
Ticker: ILUS · Form: 8-K · Filed: Aug 19, 2024 · CIK: 1496383
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Ilustrato Pictures swapped auditors on Aug 13th. New firm is Rosenberg Rich Baker Berman & Company, P.A.
AI Summary
Ilustrato Pictures International Inc. announced on August 13, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, M&P Certified Public Accountants, LLP, and has appointed Rosenberg Rich Baker Berman & Company, P.A. as its new principal accountant.
Why It Matters
A change in auditors can sometimes signal underlying issues with financial reporting or a desire for a fresh perspective on the company's financial health.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial irregularities or a shift in company strategy, warranting closer scrutiny.
Key Players & Entities
- Ilustrato Pictures International, Inc. (company) — Registrant
- M&P Certified Public Accountants, LLP (company) — Former certifying accountant
- Rosenberg Rich Baker Berman & Company, P.A. (company) — New certifying accountant
- August 13, 2024 (date) — Date of earliest event reported
FAQ
When was the decision to change auditors made?
The filing states that the change in certifying accountant was effective August 13, 2024.
Who was Ilustrato Pictures International Inc.'s previous auditor?
The previous auditor was M&P Certified Public Accountants, LLP.
Who is the new principal accountant for Ilustrato Pictures International Inc.?
The new principal accountant is Rosenberg Rich Baker Berman & Company, P.A.
Did the company have any disagreements with its former auditor?
The filing does not mention any disagreements with the former auditor, M&P Certified Public Accountants, LLP.
What is the effective date of the change in auditors?
The earliest event reported, which includes the change in certifying accountant, is dated August 13, 2024.
Filing Stats: 890 words · 4 min read · ~3 pages · Grade level 14.5 · Accepted 2024-08-19 16:31:51
Filing Documents
- ea0211722-8k_ilustrato.htm (8-K) — 29KB
- 0001213900-24-070727.txt ( ) — 194KB
- ilus-20240813.xsd (EX-101.SCH) — 3KB
- ilus-20240813_lab.xml (EX-101.LAB) — 33KB
- ilus-20240813_pre.xml (EX-101.PRE) — 22KB
- ea0211722-8k_ilustrato_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. Appointment of New Independent Registered Public Accounting Firm On August 19, 2024, Ilustrato Pictures International Inc. (the "Company") engaged Bush and Associates CPA (the "New Accountant") as its independent registered public accounting firm. The engagement of the New Accountant was approved by the Company's Board of Directors. Resignation of Independent Registered Public Accounting Firm On August 13, 2024, Ilustrato Pictures International Inc. (the "Company") was notified by Pipara & Co LLP ("Pipara") of its decision to resign as the Company's independent registered accounting firm, effective as of such date. The reports of Pipara on the Company's financial statements for the two most recently completed fiscal years ended December 31, 2023 and 2022 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that Pipara's audit report on the Company's financial statements as of and for the fiscal years ended December 31, 2023 and 2022 included an explanatory paragraph contained an uncertainty about the Company's ability to continue as a going concern. During the Company's two most recently completed fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through the date of resignation, there were no "disagreements" (as such term is defined in Item 304 of Regulation S-K) with Pipara on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of Pipara would have caused them to make reference thereto in their reports on the financial statements for such periods. During the Company's two most recently completed fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through the date of resignation, there were no "reportable events" (as de
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description * 16.1 Letter from Pipara & Co LLP to the Securities and Exchange Commission 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * to be filed by amendment to this report on SEC Form 8-K. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Ilustrato Pictures International, Inc. /s/ Nicolas Link Nicolas Link, CEO Date: August 19, 2024 3