Item 4.01 Changes in Registrant's Certifying Accountants
Effective June 24, 2020, Synthesis Energy Systems, Inc. (the "Company") was
informed by RSM US, LLP ("RSM") that the client-auditor relationship has ceased.
RSM's audit reports on the consolidated financial statements of the Company and
subsidiaries as of June 30, 2019 and 2018 and for each of the years in the two
year period ended June 30, 2019 did not contain any adverse opinion or
disclaimer of opinion and were not qualified or modified as to audit scope or
accounting principles. The audit reports did include an explanatory paragraph
concerning the Company's ability to continue as a going concern.
During the fiscal years ended June 30, 2019 and 2018 and the subsequent interim
period through June 24, 2020, there were no disagreements with RSM on any matter
of accounting principles or practices, financial statement disclosure or
auditing scope or procedure which, if not resolved to the satisfaction of RSM,
would have caused RSM to make reference to the subject matter of the
disagreement(s) in connection with its reports.
During the year ended June 30, 2019, there was a "reportable event" as defined
in Regulation S-K, Item 304(a)(1)(v). The Company reported the existence of a
material weakness in the Company's internal controls over financial reporting
relating to management's review controls and the lack of segregation of duties
over accounting transactions due to the limited resources available.
Additionally, during our quarterly review for the three and six months ended
December 31, 2019, an additional material weakness was reported related to the
Company that it does not have personnel in financial oversight roles with the
knowledge to properly account for non-routine and complex accounting
transactions.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of business acquired
None.
(b) Pro Forma Financial Information
None.
(c) Shell Company Transactions
None.
(d) Exhibits
16.1 Letter from RSM US, LLP regarding change in independent registered public
accounting firm.
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