Dot VN, Inc. and PLS CPA: A Love Story in One 8-K

Like that miserable couple you know that have been together far too long, here's a, seemingly, dramatic auditor/client interlude, starting with an auditor walking out after years of neglect:

On October 13, 2014, the Company was notified by PLS CPA, a Professional Corp. (“PLS”) that the firm resigned as the Company’s independent registered public accounting firm for internal reasons related to the Company having not requested their services to audit the prior three (3) fiscal years.  The resignation of PLS was accepted by the Company’s board of directors.

Can't you just hear it? : "I feel like I'm invisible! Sometimes I just want to talk about your revenue recognition BUT, NOOOO! You can't be bothered. I'll go find some clients that actually APPRECIATE me for my independence and integrity."

Six months later, guess who comes crawling back:

On April 29, 2015, the Company re-engaged PLS CPA, a Professional Corp. as the Company’s independent registered public accounting firm for the audit of the fiscal year ended April 20, 2012 and for the audits of fiscal years ended April 30, 2013, 2014, and 2015 and to perform the interim quarterly reviews associated with such fiscal years.

"This time it's different! I can't live without you. I'll never leave you hanging for three years ever again!"

Don't trust 'em, PLS. Clients never change.

[8-K via Auditor Carousel]

 

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Which Audit Firm Got Fired the Most In Q4 2019?

It wasn’t a stellar fourth quarter of 2019 for the Big 4 in terms of winning new public company audit clients, according to Accounting Today’s most recent report on the newest data crunched by Audit Analytics. Deloitte and EY brought on four and three new SEC-registered audit clients, respectively, in Q4, but Deloitte also lost […]