SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) May 13, 2002
Global Innovative Systems, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
0-30299
(Commission File Number)
98-0217653
(IRS Employer Identification No.)
Suite 104-630 Columbia Street, New Westminster, British Columbia, Canada V3M 1A5
(Address of principal executive offices and Zip Code)
(604) 522-8618
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant
In May, 2002, Global Innovative Systems, Inc. decided to engage new auditors as
its independent accountant to audit its consolidated financial statements. On
May 13, 2002, BDO Dunwoody LLP was dismissed from its position as Global
Innovative's independent accountant, and on that same day, Robison, Hill & Co.
was appointed as Global Innovative's new independent accountant.
Global Innovative's board of directors approved the change of accountant from
BDO Dunwoody LLP to Robison, Hill & Co. on May 13, 2002.
During Global Innovative's most recent fiscal year ended September 30, 2001, and
the subsequent interim period preceding the change in accountants, there were no
disagreements with BDO Dunwoody LLP on any matter of accounting principles or
practices, financial statement disclosure or auditing scope procedure. The
report on the consolidated financial statements prepared by BDO Dunwoody L.L.P.
for the most recent fiscal year did not contain an adverse opinion or a
disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit
scope or accounting principles, except by explanatory paragraph referring to our
ability to continue as a going concern.
Global Innovative has engaged the firm of Robison, Hill & Co. as of May 13,
2002. Robison, Hill & Co. was not consulted on any matter relating to accounting
principles to a specific transaction, either completed or proposed, or the type
of audit opinion that might be rendered on Global Innovative's consolidated
financial statements.
Also, as previously reported on form 8K filed November 30, 2001 and subsequently
amended on January 3, 2002, The Company's prior auditor Hedden Chong resigned
from its position as Global Innovative's independent accountant on October 19,
2001, and on that same day, Global Innovative's board of directors approved the
change of accountant from Hedden Chong to BDO Dunwoody LLP. There were no
disagreements with Hedden Chong on any matter of accounting principles or
practices, financial statement disclosure or auditing scope procedure for the
year ended September 30, 2000, and the subsequent interim periods preceeding the
change in accountants. The report on the consolidated financial statements
prepared by Hedden Chong for the year ended September 30, 2000, did not contain
an adverse opinion or a disclaimer of opinion, nor was it qualified or modified
as to uncertainty, audit scope or accounting principles. BDO Dunwoody LLP was
not consulted on any matter relating to accounting principles to a specific
transaction, either completed or proposed, or the type of audit opinion that
might be rendered on Global Innovative's consolidated financial statements.
Item 7. Exhibits
(16) Letter re: change in certifying accountant
16.1 Letter from Hedden Chong to the Securities and Exchange Commission,
dated October 23, 2001. (Incorporated by reference to form 8-K filed
November 30, 2001)
16.2 Letter from Hedden Chong to the Securities and Exchange Commission,
dated December 28, 2001. (Incorporated by reference to form 8-K/A filed
January 3, 2002)
16.3 Letter from BDO Dunwoody LLP to the Securities and Exchange Commission,
dated May 13, 2002. (Filed herewith)
16.4 Letter from Hedden Chong to the Securities and Exchange Commission,
dated May 13, 2002. (Filed herewith)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GLOBAL INNOVATIVE SYSTEMS, INC.
Date: May 15, 2002
/s/ Robert M. Fletcher
- -----------------------
Robert M. Fletcher,
Chief Operating Officer
Exhibit 16.3
Direct Line: (604) 443-4732
E-mail: mmadsen@bdo.ca
31-011824
May 13, 2002
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
United States of America
Dear Sirs:
Re: Global Innovative Systems, Inc. (the "Company")
We refer to the Company's current report on Form 8-K (the "Form 8-K") in
connection with the changes in the Company's certifying accountant effective May
13, 2002. We have read and agree with the comments in Item 4 of the Form 8-K
insofar as such comments relate to us.
Yours truly,
/s/ BDO Dunwoody LLP
Chartered Accountants
Exhibit 16.4
May 14, 2002
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sirs/Mesdames:
Re: Global Innovative Systems, Inc. (the "Company")
We have read the paragraphs of items included in the e Company's Form 8-K dated
May 13, 2002, to be filed May 15, 2002, and are in agreement with the statements
contained therein.
Yours very truly,
HEDDEN CHONG
/s/
Andy Young
AY:jd