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Item 4.01.
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Changes in Registrant's Certifying Accountant.
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On December 28, 2017, Janel Corporation (the "Company") dismissed Paritz & Company, P.A. ("Paritz") as the Company's independent registered public accounting firm. The decision to change the Company's independent registered public accounting firm was recommended and approved by the Audit Committee (the "Audit Committee") of the Company's Board of Directors (the "Board"), and which action was ratified by the Board.
The audit reports of Paritz on the consolidated financial statements of the Company for each of the two most recent fiscal years, specifically the fiscal years ended September 30, 2016 and September 30, 2017, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company's two most recent fiscal years, specifically the fiscal years ending September 30, 2016 and September 30, 2017, (i) there were no disagreements with Paritz on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to Paritz's satisfaction, would have caused Paritz to make reference to the subject matter of the disagreement in connection with its reports and (ii) there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Paritz with a copy of the disclosures in this report prior to filing with the Securities and Exchange Commission (the "SEC"). A copy of Paritz's letter dated January 4, 2018 addressed to the SEC, stating whether it agrees with the statements made in this report, is filed as Exhibit 16.1 to this report.
On January 4, 2018, the Company, upon the approval of the Audit Committee, engaged Crowe Horwath LLP
("Crowe Horwath") as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2018.
During the two most recent fiscal years,
specifically the fiscal years ended September 30, 2016 and September 30, 2017,
neither the Company nor anyone on its behalf consulted Crowe Horwath regarding either (i) the application of accounting principles to a 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 nor oral advice was provided to the Company that Crowe Horwath concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a
"
disagreement
", as defined in Regulation S-K Item 304(a)(1)(iv),
or a
"
reportable event
"
, as defined in Regulation S-K Item 304(a)(1)(v), respectively.