Item 4.01 Changes in Registrant’s Certifying Accountant.
On February 25, 2015, the Board of Directors of Earth Science Tech, Inc. (the "Company") received De Joya Griffith LLC’s ("De Joya") resignation as independent auditors for the Company as the latest 10-Q filed by the Company was filed without De Joya Griffith’s approval.
De Joya's report on the Company's financial statements for the quarter ending December 31, 2014 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
There have been no disagreements with De Joya 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 De Joya, would have caused it to make reference to the subject matter of the disagreement in connection with its report. None of the events described in Item 304(a)(1)(v) of Regulation S-K has occurred with respect to De Joya.
The Company provided to De Joya the disclosure contained in this Form 8-K and requested De Joya to furnish a letter addressed to the Commission stating whether it agrees with the statements made by the Company herein and, if not, stating the respects in which it does not agree. A letter from De Joya is attached as Exhibit 16.1 to this Form 8-K and incorporated herein by reference.
On March 02, 2015, the Board of Directors approved the Company's engagement of Liggett, Vogt and Webb P.A., CPA’s as independent auditors for the Company and its subsidiaries. The Company engaged Liggett, Vogt and Webb P.A., CPA’s on March 02, 2015.
Neither the Company nor anyone on its behalf consulted Liggett, Vogt and Webb P.A., CPA’s regarding (i) the application of accounting principles to a specific completed or contemplated transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter that was the subject of a disagreement or event identified in response to Item 304(a)(2) of Regulation S-K (there being none).
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On February 25, 2015, the Company was advised by De Joya Griffith KKC ("De Joya"), its independent registered public accounting firm, that the Company's previously issued unaudited financial statements for the period ended December 31, 2014 (the "Third Quarter 10-Q") could not be relied on because they were not reviewed by an independent registered public accounting firm in accordance with Statement on Auditing Standards No. 100, Interim Financial Information ("SAS 100").
In addition, they advised us that the financial statements as of June 30, 2014 and September 30, 2014 can’t be relied upon due to an error discovered during the December 31, 2014 review.
Accordingly the Company is restating the June 30, 2014, September 30, 2014 and December 31, 2014 10-Q’s and will file amendments as soon as practicable.
The executive officers of the Company discussed the matters disclosed in this Item 4.02 of this Form 8-K with De Joya and with the Company’s new independent auditors, Liggett, Vogt and Webb P.A., CPA’s, and have requested that they furnish us as promptly as possible a letter addressed to the Commission stating whether the former independent accountant agrees with the statements made in this Form 8-K in response to this Item 4.02 and, if not, to state the respects in which it does not agree. A copy of De Joya's response letter is filed as Exhibit 16.1 herein.