Item 4.01 Changes in Registrant’s Certifying Accountants
Effective January 16, 2007, the independent auditor for TRB Systems International, Inc. (the "Registrant"), Chang G. Park (“Park”) was dismissed, as Park had been engaged to audit the Registrant’s financial statements only for the year ended June 30, 2006. Park had been the Registrant’s independent auditor from July 10, 2006 to January 16, 2007. The registrant’s financial statements for the fiscal year ended June 30, 2005 were audited by the auditing firm, Oscar C. Ibarra, CPA (“Ibarra”), the Registrant’s independent auditing firm prior to Park. Ibarra’s firm declined to stand for re-election on July 1, 2006. Their decision was the result of a decision that the accountant made to discontinue their PCAOB registration, as previously reported.
June 29, 2007, the Registrant engaged Stan J.H. Lee, CPA (“Lee”) to act as the Registrant's independent accountants.
Park did not give any adverse opinion, or disclaimer of opinion and had no reportable qualification or modification as to audit scope or accounting principles except as described herein. During the Registrant's most recent fiscal year and the period from the end of the most recently completed fiscal year through January 16, 2007, the date of Park’s resignation, there were no disagreements with Park on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Park would have caused it to make reference to such disagreements in its reports.
The Registrant's financial statements for the year ended June 30, 2007, will be audited by Lee. Park will not be involved in any way with the audit of the financial statements for the year ended June 30, 2007. The Registrant has authorized Lee to discuss any matter relating to the Registrant and its operations with Park.
The change in the Registrant's auditors was recommended and approved by the board of directors of the Registrant since the Registrant does not have an audit committee.
During the two most recent fiscal years ended June 30, 2005 and 2006, the Registrant did not consult with Lee regarding 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 Registrant's financial statements, or any matter that was the subject of a disagreement or a reportable event as defined in the regulations of the Securities and Exchange Commission.
Park has had the opportunity to review the disclosures contained in this 8-K report. The Registrant has advised Park that it has the opportunity to furnish the Registrant with a letter addressed to the Securities and Exchange Commission concerning any new information, clarifying the Registrant's disclosures herein, or stating any reason why Park does not agree with any statements made by the Registrant in this report. The Registrant undertakes to file that correspondence as an exhibit when amending this Report within the applicable time period.