Item 4.01 Changes in Registrant's Certifying Accountant.
(a) On April 28, 2023, Davidson & Company LLP ("Davidson") was dismissed as the
independent registered public accounting firm for Arvana Inc. ("Arvana"). The
decision to dismiss Davidson was approved by Arvana's board of directors.
During the years ended December 31, 2022, and December 31, 2021, and the
subsequent interim periods through April 28, 2023, there were no (1)
disagreements with Davidson on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which
disagreements, if not resolved to its satisfaction, would have caused Davidson
to make reference in connection with its opinion to the subject matter of the
disagreement, or (2) reportable events under Item 304(a)(1)(v) of Regulation
S-K.
The audit reports of Davidson on Arvana's financial statements as of and for the
years ended December 31, 2022, and 2021, did not contain an adverse opinion or
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
Arvana provided Davidson with a copy of this Current Report on Form 8-K prior to
its filing with the Securities and Exchange Commission ("Commission") and
requested that Davidson furnish it with a letter addressed to the Commission
stating whether or not it agrees with the above statements. A copy of Davidson's
letter, dated May 2, 2023, is filed as Exhibit 16.1 to this Current Report on
Form 8-K.
(b) On April 28, 2023, Arvana's board of directors approved the engagement of
Assurance Dimensions as Arvana's independent registered public accounting firm
for its fiscal year ended December 31, 2023.
During the fiscal years ended December 31, 2022, and 2021, and the subsequent
interim periods through April 28, 2023, neither Arvana nor anyone acting on its
behalf consulted with Assurance Dimensions regarding (i) the application of
accounting principles to a specific transaction, either completed or proposed,
or the type of audit opinion that might be rendered on Arvana's financial
statements or the effectiveness of internal control over financial reporting,
and neither a written report or oral advice was provided to Arvana that
Assurance Dimensions concluded was an important factor considered by Arvana in
reaching a decision as to any accounting, auditing, or financial reporting
issue, (ii) any matter that was the subject of disagreement within the meaning
of Item 304(a)(1)(iv) or Regulation S-K, or (iii) any reportable event within
the meaning of Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
16.1 Letter from Davidson & Company LLP, dated May 2, 2023
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