DFCO Dalrada Financial Corporation New (QB)

Item 4.01 Changes in Registrants Certifying Accountant.

(a) On December 19, 2022, dbbmckennon (“dbbm”) resigned as Dalrada Financial Corporation’s independent registered public accounting firm. dbbmckennon audited the consolidated financial statements of the Company for the fiscal years ended June 30, 2022 and 2021. The reports of dbbmckennon on such consolidated financial statements for either of the past two years, the most recent dated October 31, 2022, contained a going concern comment as a result of its recurring losses, and did not contain an adverse opinion or disclaimer of opinion that was qualified or modified as to uncertainty, audit scope or accounting principles. During the two most recent fiscal years ending June 30, 2021 and 2022 and during the subsequent interim period there were no disagreements between dbbm on any accounting principles or practices, financial statement disclosure or auditing scope or procedure’s that, if not resolved to dbbm’s satisfaction, woukd have caused dbbm to make reference to the subject matter of the disagreement in connection with its report and there were no “reportable events” as defined in Item 304(a)(1)(v) of regulation S-K.

 
The Company has requested that dbbm furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter, dated December 22, 2022 is filed herewith as Exhibit 16.
 

(b) On December 19, 2022, the Company engaged Macias Gini & O’Connell LLP (“MGO”) as its independent registered public accounting firm.

No consultations occurred between the Company and MGO during the transitional period ended, the fiscal years ended June 30, 2022 and 2021and through December 19, 2022, regarding either (i) the application of accounting principles to a specific completed or contemplated transaction, the type of audit opinion that might be rendered on the Company’s consolidated financial statements, or other information provided that was an important factor considered by the Company in reaching a decision as to an accounting, auditing, or financial reporting issue, or (ii) any matter that was the subject of disagreement requiring disclosure under Item 304(a)(1)(iv) of Regulation S-K or reportable event requiring disclosure under Item 304(a)(1)(v) of Regulation S-K.