SEC Comment Letter for Transportation & Logistics Systems, Inc. (TLSS) (CIK 0001463208) (TLSS) — Oct 26, 2009
Transportation & Logistics Systems, Inc. (TLSS) (CIK 0001463208)
Date: Oct. 26, 2009 · CIK: 0001463208 · Accession: 0000000000-09-060244
AI Filing Summary & Sentiment
Reasoning
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
DIVISION OF CORPORATION FINANCE
September 2, 2009
Via U.S. Mail and Facsimile to Larysa Dekhtyaruk-Chief Executive Officer Loran Connection Corp. 190 Dzerjinskogo St., Ovidiopol, Odesska obl., 67801, Ukraine Dear Ms. Dekhtyaruk: Your most recent Form S-1/A filed on August 11, 2009 includes financial statements audited by Moore and Associates Chartered (“Moore”). On August 27, 2009, the Public Company Accounting Oversight Bo ard ("PCAOB") revoked the registration of Moore because of violations of PCAOB ru les and auditing standards in auditing the financial statements, PCAOB rules and quality controls standards, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and noncooperation with a Board investigation. You can find a copy of the order at http: http://www.pcaobus.org/Enforcement/Disci plinary_Proceedings/2009/08-27_Moore.pdf
As Moore is no longer registered with the PCAOB, you may not include Moore’s audit reports or consents in your filings with the Commission made on or after August 27, 2009. If Moore audited a year that you are re quired to include in your filings with the Commission, then you should engage a firm that is registered with the PCAOB to re- audit that year. In your disclosure under Item 11(i) of Form S-1/A, please disclose that the PCAOB revoked the registration of Moore on August 27, 2009 because of violations of PCAOB rules and auditing standards in audi ting financial statements, PCAOB rules and quality controls standards, and Section 10(b) of the Securities Ex change Act of 1934 and Rule 10b-5 thereunder, and noncooperati on with a Board investigation.
If you are unable to obtain an Exhibit 16 letter from Moore at the time you file your registration statement, please also disclose this fact under Item 11(i) of Form S-1/A. Refer to Item 11(i) of Form S- 1 and Item 304 of Regulation S-K.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
DIVISION OF CORPORATION FINANCE
Please advise us as to how you intend to address any re-audit requirements no later than September 16, 2009. If you have a ny questions, you may contact Juan Migone at 202-551-3312.
Sincerely,
Senior Assistant Chief Accountant
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
DIVISION OF
CORPORATION FINANCE
September 2, 2009
Via U.S. Mail and Facsimile to
Larysa Dekhtyaruk-Chief Executive Officer Loran Connection Corp. 190 Dzerjinskogo St., Ovidiopol, Odesska obl., 67801, Ukraine Dear Ms. Dekhtyaruk: Your most recent Form S-1/A filed on August 11, 2009 includes financial statements audited by Moore and Associates Chartered (“Moore”). On August 27, 2009,
the Public Company Accounting Oversight Bo ard ("PCAOB") revoked the registration of
Moore because of violations of PCAOB ru les and auditing standards in auditing the
financial statements, PCAOB rules and quality controls standards, and Section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and noncooperation
with a Board investigation. You can find a copy of the order at http:
http://www.pcaobus.org/Enforcement/Disci plinary_Proceedings/2009/08-27_Moore.pdf
As Moore is no longer registered with the PCAOB, you may not include Moore’s
audit reports or consents in your filings with the Commission made on or after August 27,
2009. If Moore audited a year that you are re quired to include in your filings with the
Commission, then you should engage a firm that is registered with the PCAOB to re-
audit that year. In your disclosure under Item 11(i) of Form S-1/A, please disclose that the
PCAOB revoked the registration of Moore on August 27, 2009 because of violations of
PCAOB rules and auditing standards in audi ting financial statements, PCAOB rules and
quality controls standards, and Section 10(b) of the Securities Ex change Act of 1934 and
Rule 10b-5 thereunder, and noncooperati on with a Board investigation.
If you are unable to obtain an Exhibit 16 letter from Moore at the time you file
your registration statement, please also disclose this fact under Item 11(i) of Form S-1/A.
Refer to Item 11(i) of Form S- 1 and Item 304 of Regulation S-K.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
DIVISION OF
CORPORATION FINANCE
Please advise us as to how you intend to address any re-audit requirements no
later than September 16, 2009. If you have a ny questions, you may contact Juan Migone
at 202-551-3312.
Sincerely,
Senior Assistant Chief Accountant