OneSolution Technology Inc. Appoints New Auditor

TL;DR

OneSolution swapped auditors, citing no disagreements. New firm is 'The Audit Firm LLC'.

AI Summary

OneSolution Technology Inc. announced on September 23, 2024, that it has appointed a new independent registered public accounting firm, DBA "The Audit Firm LLC". This change follows the resignation of the company's previous auditor, DBA "The Accounting Firm LLC", effective September 20, 2024. The company stated that the decision to change auditors was not a result of any disagreements or reportable events.

Why It Matters

A change in auditors can sometimes signal underlying issues within a company's financial reporting or internal controls, potentially impacting investor confidence.

Risk Assessment

Risk Level: medium — Changes in auditors, even without stated disagreements, can sometimes precede or coincide with financial irregularities or a shift in the company's financial health.

Key Players & Entities

• OneSolution Technology Inc. (company) — Registrant
• The Audit Firm LLC (company) — New Independent Registered Public Accounting Firm
• The Accounting Firm LLC (company) — Former Independent Registered Public Accounting Firm
• September 23, 2024 (date) — Date of Report
• September 20, 2024 (date) — Effective Date of Former Auditor's Resignation

FAQ

Key Financial Figures

• $3,045,587 — suffered a working capital deficit of $ $3,045,587 and net loss of $1,507,469, which raise
• $1,507,469 — deficit of $ $3,045,587 and net loss of $1,507,469, which raised doubt about its ability t

Filing Documents

• onesolution_8k.htm (8-K) — 32KB
• onesolution_ex1601.htm (EX-16.1) — 6KB
• image_001.jpg (GRAPHIC) — 2KB
• 0001683168-24-006593.txt ( ) — 213KB
• krfg-20240923.xsd (EX-101.SCH) — 3KB
• krfg-20240923_lab.xml (EX-101.LAB) — 33KB
• krfg-20240923_pre.xml (EX-101.PRE) — 24KB
• onesolution_8k_htm.xml (XML) — 3KB

01 Change in Registrant's Certifying

Item 4.01 Change in Registrant's Certifying Accountant Dismissal of J&S Associate and Engagement of Olayinka Oyebola & Co. On September 23, 2024, the Board of Directors of OneSolution Technology Inc., a Delaware corporation ("we" or "us"), approved the resignation of J&S Associate PLT ("J&S") as our independent registered public accountant, effective immediately. Except as noted in the paragraph immediately below, the reports of J&S on the Company's consolidated financial statements for the years ended March 31, 2024 and 2023, did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle. The reports of J&S on the Company's consolidated financial statements as of and for the years ended March 31, 2024, and 2023, contained explanatory paragraphs which noted that the Company suffered from an suffered a working capital deficit of $ $3,045,587 and net loss of $1,507,469, which raised doubt about its ability to continue as a going concern. During the years ended March 31, 2024, and 2023, the Company has not had any disagreements with J&S on any matter of accounting principles or practices, financial them to make reference thereto in their reports on the Company's consolidated financial statements for such periods. During the years ended March 31, 2024, and 2023, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K. We have requested that J&S furnish us with a letter addressed to the Commission stating whether it agrees with the above statements. A copy of this letter is included herewith as Exhibit 16.1. Concurrently therewith, we retained the firm of Olayinka Oyebola & Co. ("Olayinka"), to audit our consolidated financial statements for our fiscal year ending March 31, 2025. During the fiscal years end

01 Financial Statements and

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 16.1 Consent of J&S * 104 Cover Page Interactive Data File (embedded within the inline XBRL document). *Filed herewith. 2 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OneSolution Technology Inc. Date: September 23, 2024 By : /s/ Wong Nga Yin Polin Wong Nga Yin Polin Chief Executive Officer, Chief Financial Officer, Secretary and Director 3

View Full Filing

View this 8-K filing on SEC EDGAR