SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
Item 4.01 Changes in Registrant's Certifying Accountant.
a) On March 5, 2014, the Board of Directors approved the engagement of RBSM Accountants & Advisors (“RBSM”), as its auditors for eWaste Systems, Inc. (the "Company"). Other than transition matters, the Company and its prior auditors, Malone Bailey have agreed that the Company shall engage RBSM as its auditor for the Company's fiscal year ending December 31, 2013 and thereafter. The decision to change principal accountants was approved by the Board of Directors of the Company.
Malone Bailey was engaged on December 30, 2013 with approval of the Board of Directors and Malone Bailey has been the Company’s auditor since that time. Malone Bailey has not been an auditor of the company long enough to have filed any reports on behalf of the Company as of this date.
(b) On March 5, 2014, the Company engaged RBSM as its principal accountant to audit the Company's financial statements as successor to Malone Bailey. During the Company's two most recent fiscal years or subsequent interim period, the Company has not consulted with the entity of RBSM regarding the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, nor did the entity of RBSM provide advice to the Company, either written or oral, that was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue.
Further, during the Company's two most recent fiscal years or subsequent interim period, the Company has not consulted the entity of RBSM on any matter that was the subject of a disagreement or a reportable event.
(c) On March 5, 2014 , the Board of Directors of the Company approved the engagement of RBSM as financial consultants to audit the consolidated balance sheets of the Company as of December 31, 2013 and 2012, and the related statements of operations, stockholders’ equity (deficit), and cash flows for the years then ended. Based on our audits, we will issue a written report on the Company’s consolidated financial statements and schedules supporting the consolidated financial statements, all of which are to be included in the annual report (Form 10-K) proposed to be filed by the Company under the Securities Exchange Act of 1934.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
