SEC Comment Letter 0000000000-23-009409 to DUO WORLD INC (DUUO) (CIK 0001635136)
DUO WORLD INC (DUUO) (CIK 0001635136)
Date: Aug. 25, 2023 · CIK: 0001635136 · Accession: 0000000000-23-009409
AI Filing Summary & Sentiment
File numbers found in text: 000-55698
Letter
United States securities and exchange commission logo August 25, 2023 Muhunthan Canagasooryam Chief Executive Officer Duo World, Inc. No. 6, Charles Terrace Off Alfred Place Colombo 03, Sri Lanka Re:Duo World, Inc. Form 8-K Filed August 16, 2023 File No. 000-55698 Dear Muhunthan Canagasooryam: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment apply to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 8-K filed on August 16, 2023 Item 4.02, page 1 1.We note your former auditor, CNGSN & Associates LLP, was not registered with the PCAOB. Since CNGSN & Associates LLP audited the financial statements for the fiscal year ended March 31, 2023, which you included in your Form 10-K, you disclose the financial statements for the fiscal year ended March 31, 2023 should not be relied on. Accordingly, please amend your filing to •indicate clearly whether you are filing under Item 4.02(a) or 4.02(b); •disclose whether the Board of Directors, Committee of the Board of Directors or authorized Officers concluded that your financial statements should no longer be relied on; or •disclose whether you were advised or notified that disclosure should be made or action taken to prevent future reliance on the previously issued audit report related to previously issued financial statements;
FirstName LastNameMuhunthan Canagasooryam Comapany NameDuo World, Inc. August 25, 2023 Page 2 FirstName LastName Muhunthan Canagasooryam Duo World, Inc. August 25, 2023 Page 2 •clarify that as CNGSN & Associates LLP was not registered with the PCAOB, you may not include its audit reports or consents in filings with the Commission; and •clarify that as CNGSN & Associates LLP audited a year that you are required to include in your filings with the Commission, you need a firm that is registered with the PCAOB to re-audit that year; and •file any letter received from the accountant regarding disclosures being made by company. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Joseph Cascarano, Senior Staff Accountant, at (202) 551-3376 or Robert S. Littlepage, Accountant Branch Chief, at (202) 551-3361 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
August 25, 2023
Muhunthan Canagasooryam
Chief Executive Officer
Duo World, Inc.
No. 6, Charles Terrace
Off Alfred Place
Colombo 03, Sri Lanka
Re:Duo World, Inc.
Form 8-K
Filed August 16, 2023
File No. 000-55698
Dear Muhunthan Canagasooryam:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 8-K filed on August 16, 2023
Item 4.02, page 1
1.We note your former auditor, CNGSN & Associates LLP, was not registered with
the PCAOB. Since CNGSN & Associates LLP audited the financial statements for the
fiscal year ended March 31, 2023, which you included in your Form 10-K, you disclose
the financial statements for the fiscal year ended March 31, 2023 should not be relied on.
Accordingly, please amend your filing to
•indicate clearly whether you are filing under Item 4.02(a) or 4.02(b);
•disclose whether the Board of Directors, Committee of the Board of Directors or
authorized Officers concluded that your financial statements should no longer be
relied on; or
•disclose whether you were advised or notified that disclosure should be made or
action taken to prevent future reliance on the previously issued audit report related to
previously issued financial statements;
FirstName LastNameMuhunthan Canagasooryam
Comapany NameDuo World, Inc.
August 25, 2023 Page 2
FirstName LastName
Muhunthan Canagasooryam
Duo World, Inc.
August 25, 2023
Page 2
•clarify that as CNGSN & Associates LLP was not registered with the PCAOB, you
may not include its audit reports or consents in filings with the Commission; and
•clarify that as CNGSN & Associates LLP audited a year that you are required to
include in your filings with the Commission, you need a firm that is registered with
the PCAOB to re-audit that year; and
•file any letter received from the accountant regarding disclosures being made by
company.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Joseph Cascarano, Senior Staff Accountant, at (202) 551-3376 or
Robert S. Littlepage, Accountant Branch Chief, at (202) 551-3361 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology