Item 4.01. Change in Registrant's Certifying Accountant.
On June 7, 2021, Presidential Realty Corporation (the "Company"), engaged Baker
Tilly US, LLP ("Baker Tilly") to serve as the Company's independent registered
public accounting firm. Baker Tilly had previously served as the Company's
independent registered public accountant until it resigned on March 27, 2018.
Baker Tilly's last report on the Company's financial statements for the fiscal
years ended December 31, 2016 and 2015 contained no adverse opinion or
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles, other than to state that there is
substantial doubt about the Company's ability to continue as a going concern.
During the Company's fiscal years ended December 31, 2016 and 2015 there were:
i) no "disagreements" (within the meaning of Item 304(a) of Regulation S-K) with
Baker Tilly on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which disagreements, if not
resolved to Baker Tilly's satisfaction, would have caused it to make reference
to the subject matter of the disagreement in connection with its reports on the
financial statements of the Company; and (ii) no "reportable events" (as such
term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company has provided Baker Tilly with a copy of the disclosure contained in
this Current Report on Form 8-K, and requested Baker Tilly to furnish a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements made by the Company herein and, if not, stating the
respects in which it does not agree. A copy of this letter is filed as Exhibit
16.1 to this Current Report on Form 8-k.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Description
16.1 Letter of Baker Tilly US, LLP
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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