SMC Announces Appointment of New PCAOB-Registered Independent Accountant
SMC Entertainment announces the appointment of RBSM as its new independent accountant and auditor. Effective from June 24, 2024, RBSM will audit the company's financial statements for the fiscal year ending December 31, 2024. Previously, SMC had no consultations with RBSM regarding accounting principles or audit opinions. There were no disagreements between SMC and its former auditor, Olayinka Oyebola & Co, regarding accounting practices or financial disclosures. CEO Erik Blum expressed his gratitude towards Olayinka and optimism about working with RBSM.
- Appointment of RBSM as a new independent accountant, potentially enhancing the credibility of financial reporting.
- No disagreements with the previous auditor, indicating smooth transitions and stable accounting practices.
- None.
BOCA RATON, FL / ACCESSWIRE / June 27, 2024 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the appointment of RBSM LLC as its new independent accountant and auditor.
On June 24, 2024, the Company engaged RBSM, LLP ("RBSM") as its independent registered public accounting firm to provide its report for the fiscal year ended December 31, 2024, effective immediately.
For the fiscal years ended December 31, 2023 and 2022 and during the subsequent interim periods through March 31, 2024, neither the Company nor anyone acting on behalf of the Company had consulted RBSM regarding either: (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, nor did RBSM provide a written report or oral advice to the Company that RBSM 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 the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).
During the Company's fiscal years ended December 31, 2023, and 2022, and through March 31, 2024, there were no disagreements, within the meaning of Item 304(a)(1)(iv) of Regulation S-K promulgated under the Securities Exchange Act of 1934 ("Regulation S-K") and related instructions thereto between the Company and its previous auditor Olayinka Oyebola & Co ("Olayinka") on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Olayinka, would have caused Olayinka to make reference to the subject matter of the disagreements in connection with its audit reports on the Company's financial statements. During the Company's past fiscal years ended December 31, 2023, and 2022, and the interim period through March 31, 2024, Olayinka did not advise the Company of any of the matters specified in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Olayinka with the disclosures under this Item 4.01 prior to its filing with the Securities and Exchange Commission and requested that Olayinka furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree.
Erik Blum, the Company's CEO and Director approved a copy of the 8-K filing and commented, "The Company would like to thank Olayinka Oyebola & Co for their services. We look forward to working with RBSM and see them as a strong addition to our team. "
About RBSM LLC: www.rbsmllp.com
RBSM is a certified public accounting firm with operating offices in major cities in the United States, Europe & Asia. The firm provides professional accounting, auditing and tax services to a number of publicly held businesses as well as privately held companies. As accountants and financial consultants, we provide a unique blend of technical expertise while providing practical business advice or assurance services.
About SMC: www.smceinc.com
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity.
Press Release Contact:
Erik Blum,
Chief Executive Officer
SMC Entertainment, Inc.
360-820-5973
Safe Harbor Statement
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
SOURCE: SMC Entertainment, Inc.
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