Item 4.01 Changes in Registrant's Certifying Accountant.
Asia Travel Corporation (the “Company”) was notified that, effective April 30, 2016, AWC (CPA) Limited (“AWC”) has merged (the “Merger”) with Dominic K.F. Chan & Co. (“DKFC”) and formed DCAW (CPA) Limited (“DCAW”), which is registered with the Public Company Accounting Oversight Board (PCAOB).
As a result of the Merger, Dominic K.F. Chan & Co. resigned as the Company’s independent registered public accounting firm on April 30, 2016. On May 3, 2016, the Company engaged DCAW (CPA) Limited as its independent registered public accounting firm. The engagement of DCAW was approved by the Company’s board of directors on May 3, 2016.
The audit reports of Dominic K.F. Chan & Co. on the financial statements of the Company as of and for the years ended March 31, 2015 and 2014did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
In connection with the audits of the Company’s financial statements for the fiscal years ended March 31, 2015 and 2014through the date of this Current Report, there were: (i) no disagreements with Dominic K.F. Chan & Co. on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Dominic K.F. Chan & Co.
would have caused it to make reference to the subject matter of the disagreement(s) in connection with its reports, and (ii) no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K.
During the Company’s two most recent fiscal years and through May 3, 2016, neither the Company nor anyone on its behalf consulted with DCAW regarding (i) 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 nor oral advice was provided that DCAW concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K and its related instructions, or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
Dominic K.F. Chan & Co. furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not Dominic K.F. Chan & Co. agrees with the statements made therein. A copy of such letter, dated June 29, 2016, furnished by Dominic K.F. Chan &Co. is filed as Exhibit 16.1 to this Form 8-K.
