Item
4.01 Changes in Registrant’s Certifying Accountant.
a.
Resignation of Manohar Chowdhry & Associates
On
May 11, 2023, Duo World, Inc. (“Company”) received notice via email from our Certifying Accountant, Manohar Chowdhry &
Associates, that Mr. Ashok Kumar Doddi, who was the Engagement Partner for the Independent Audit of the Company, as well as the engagement
team who was executing the audit of the Company, had exited Manohar Chowdhry & Associates, effective April 1, 2023. Manohar Chowdhry
& Associates also advised the Company that it had closed down the operations of the branch of T.R. Nagar, Bengaluru from where the
audit engagement of our Company was carried out, and that Manohar Chowdhry & Associates had no other resources that could be deployed
for executing the audit of the Company.
Manohar
Chowdhry & Associates´report on the Company’s financial statements for the fiscal years ended March 31, 2022, and March
31, 2021, did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope,
or accounting principles with the exception that Manohar Chowdhry & Associates’ Audit Reports for the fiscal years ended March
31, 2022, and March 31, 2021, contained an explanatory note which raised substantial doubt as to the ability of the Company to continue
as a going concern.
During
the Company’s fiscal years ended March 31, 2022, and March 31, 2021, and the subsequent interim period from March 31, 2022, up
to and until May 11, 2023, the date of the resignation of Manohar Chowdhry & Associates, the Company did not have any disagreements
with Manohar Chowdhry & Associates on any matter of accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction of Manohar Chowdhry & Associates, would have caused
it to make reference to the subject matter of the disagreements in connection with its reports.
The
Company provided Manohar Chowdhry & Associates with a copy of the disclosures set forth in this Current Report on Form 8-K, and requested
that Manohar Chowdhry & Associates furnish the Company with a letter addressed to the SEC stating whether it agrees with the statements
made by the Company herein. A copy of Manohar Chowdhry & Associates letter to the SEC is attached hereto as Exhibit 16.
b.
Engagement of CNGSN and Associates LLP
The
Company has engaged CNGSN and Associates LLP, Bengaluru, to serve as the independent registered public accounting firm responsible for
auditing the Company’s financial statements. The engagement of CNGSN and Associates LLP, effective May 16, 2023, was approved by
the Company’s Board of Directors. The Company does not have an audit committee.
Neither
the company nor any one on behalf of the Company consulted CNGSN and Associates LLP during the two most recent fiscal years and any subsequent
period up to and through the date of engaging CNGSN and Associates regarding accounting or auditing matters. However, the engagement
partner who was formerly with Manohar Chowdhry & Associates and the engagement team that audited our Company’s financial statements
have joined CNGSN and Associates LLP and we have obviously discussed the transition between accounting firms with those people.