s Certifying Accountant
On August 10th, 2016, DS Healthcare Group, Inc. (the Company) has engaged a new independent registered public accounting firm, BF Borgers CPA PC (BF Borgers), and terminated its current independent auditor MaloneBailey, LLP (MaloneBailey).
During the engagement with MaloneBailey from May 2nd, 2016, there were no disagreements between the Company and MaloneBailey on any matter of accounting principles or practices, financial statement disclosure, auditing scope or procedures, which disagreements if not resolved to the satisfaction of MaloneBailey, would have caused them to make reference thereto in their reports on the Companys financial statements. During the engagement period, to the best of Companys knowledge there were no reportable even ts within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.
At the time of the selection of MaloneBailey as the Companys independent registered accounting firm, the Board of Directors consisted of one member. Since the appointment of the current Board of Directors, in an effort to improve efficiency and profitability the Directors reviewed the audit time and costs and made a determination that BF Borgers is a better long term independent registered accounting firm for the Company. The Company has authorized MaloneBailey to respond fully to the inquiries of the successor accountant concerning the foregoing.
The Company has provided Malone Bailey LLP with a copy of the disclosures of this Form 8-K and has requested that Malone Bailey LLP furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Companys statements herein. MaloneBailey has not responded in time for this 8k filing with their final comments or a 16.1 letter. Once this information is available, the Company will file an additional 8k disclosing further details.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DS HEALTHCARE GROUP, INC.
Date: August 16, 2016
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