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ZRCN Inc., a company specializing in miscellaneous electrical machinery, equipment, and supplies, announced the resignation of its certifying accountant, Assurance Dimensions Inc. ("AD"), effective May 2, 2025. The resignation was communicated to the company’s Audit Committee on the same day.
The departure of AD is part of its strategy to exit from providing audit services to publicly traded companies. AD’s reports on ZRCN Inc.’s consolidated financial statements for the fiscal year ending March 31, 2024, did not contain any adverse opinion or disclaimer and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
During the audit for the fiscal year ended March 31, 2024, and up to the date of resignation, there were no disagreements between ZRCN Inc. and AD on any matters of accounting principles or practices, financial statement disclosure, or auditing scope and procedures that would have required AD to report on such matters.
Furthermore, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K during the last fiscal year or up to the resignation date. ZRCN Inc. has provided AD with the disclosures made in this announcement and has requested AD to furnish a letter to the Securities and Exchange Commission stating whether it agrees with the statements made herein.
A letter from AD, dated May 8, 2025, has been filed as Exhibit 1.1 to this Form 8-K, confirming the details of their resignation as ZRCN Inc.’s accountant. The company is based in Delaware and has its principal executive offices in Campbell, California. This announcement is based on information derived from the Form 8-K filing with the Securities and Exchange Commission.
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