8-K Reports
KENILWORTH SYSTEMS CORP
CIK

55234

Accepted

Jun 30, 2025, 01:20 PM

Accession

0001477932-25-004851

4.01 Changes in Registrant's Certifying Accountant
Items (1)

Item 4.01. Changes in Registrant’s Certifying Accountant. Previous independent registered public accounting firm On March 1, 2025 (the “ Termination Date”), Kenilworth Systems Corporation (the “ Company”) terminated Olayinka Oyebola & Co. (the “ Former Auditor”) as the independent registered public accounting firm of the Company. The reason for the termination is that the Company’s accountant notified the Board of Directors that the Former Auditor had recently been listed as a “ Prohibited Service Provider” by OTC Markets as a result of an action brought against the Former Auditor by the U. S. Securities and Exchange Commission (“ SEC”). The action by the SEC was unrelated to any audits performed by the Former Auditor on behalf of the Company, and the Company was never notified by the SEC or any other regulatory agency of the action being taken against the Former Auditor. During the years ended December 31, 2023 and 2022 and through the date of this Current Report on Form 8-K, the Company has not had any disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) with the Former Auditor on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the Former Auditor’s satisfaction, would have caused them to make reference thereto in their reports on the Company’s financial statements for such years. New independent registered public accounting firm On March 1, 2025 (the “ Engagement Date”), the Company engaged LAO Professionals (PCAOB ID 7057) (“ New Auditor”) as its independent registered public accounting firm for the Company’s fiscal year ended December 31, 2024. The decision to engage the New Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors. During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with the New Auditor regarding either: 1. application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that the New Auditor concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or 2. any matter that was either the subject of a disagreement (as defined in Regulation S-K, Item 304(a)(1) (iv) and the related instructions) or reportable event (as defined in Regulation S-K, Item 304(a)(1)(v)).