UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 4.01 Changes in Registrant’s Certifying Accountant.
a. Termination of CNGSN & Associates LLP
As previously reported in our Form 8-K Current Report filed with the Commission on August 16, 2023, on or about August 11, 2023, Duo World, Inc. (“Company”) was advised by its then certifying accountant, CNGSN & Associates LLP (“CNGSN”), that its Registration Application with the PCAOB had, in fact, not been approved and was currently under review. This revelation was, to say the least, shocking, since CNGSN had verbally represented to our management that it was registered with the PCAOB, and the audit opinion issued by CNGSN on July 6, 2023 (and included with our Form 10-K for the Fiscal Year Ended March 31, 2023, filed with the Commission on July 13, 2023) contained the following misstatements:
“We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.”
“We conducted our audits in accordance with the standards of the PCAOB.”
After being so advised by CNGSN of its non-registration with the PCAOB, CNGSN was terminated from being our certifying accountant.
The Company provided CNGSN with a copy of the disclosures set forth in this Current Report on Form 8-K, and requested that CNGSN furnish the Company with a letter addressed to the SEC stating whether it agrees with the statements made by the Company herein.
b. Engagement of M.N. Vijay Kumar as our new certifying accountant
The Company has engaged M.N. Vijay Kumar, Chartered Accountant, Bangalore, India (“Kumar”), to serve as the independent registered public accounting firm responsible for auditing the Company’s financial statements. The engagement of Kumar, effective August 17, 2023, was approved by the Company’s Board of Directors. The Company does not have an audit committee. Kumar is registered with the PCAOB and its registration number is 6945.
Neither the Company nor any one on behalf of the Company consulted Kumar during the two most recent fiscal years and any subsequent period up to and through the date of engaging Kumar regarding accounting or auditing matters.
c. Review of our financial statements contained in our Form 10-Q Quarterly Report filed with the Commission on August 21, 2023
Kumar has reviewed Duo World, Inc.’s Form 10-Q Quarterly Report for the Fiscal Quarter Ended June 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (“PCAOB”).
Item 4.02 Non-Reliance on Previously Issued Financial Statements. Due to the fact that CNGSN’s Registration Application with the PCAOB has not been approved, the Audit Opinion dated July 6, 2023, and the audited financial statements for the fiscal year ended March 31, 2023, should not be relied on.
Our Chief Financial Officer has provided CNGSN with a draft copy of this Form 8-K for their review and comment.
Item 9.01 Financial Statements and Exhibits.
None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 21, 2023
| DUO WORLD, INC. | ||
| By: | /s/ Muhunthan Canagasooryam | |
| Muhunthan Canagasooryam | ||
| Chief Executive Officer | ||