SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 31, 2013
INFORMATION SYSTEMS ASSOCIATES, INC.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (772) 403-2993
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Changes in Registrants Certifying Accountant
(a) Dismissal of Independent Registered Public Accountant
On January 31, 2013, Information Systems Associates, Inc. (the Registrant) dismissed Lake & Associates CPAs LLC (the Former Auditor), the Registrants independent registered public accounting firm.
The reports of the Former Auditor on the Registrants financial statements for the years ended December 31, 2011 and December 31, 2010 did not contain any adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle except that it included an explanatory paragraph relating to the Registrants ability to continue as a going concern.
The decision to change accountants was approved by the Registrants Audit Committee.
During the Registrants fiscal years ended December 31, 2011 and 2010, and through January 30, 2013, the date of the Former Auditors dismissal, (i) there were no disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with the Former Auditors on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the Former Auditors, would have caused the Former Auditor to make reference to such disagreements in its reports, and (ii) there were no reportable events (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Registrant has provided the Former Auditors with a copy of this Form 8-K and requested that the Former Auditors provide the Registrant with a letter addressed to the Securities and Exchange Commission stating whether or not the Former Auditor agrees with the above disclosures. A copy of the Former Auditors letter, dated January 31, 2013, is attached as Exhibit 16.1 to this Form 8-K.
(b) Newly Appointed Independent Registered Public Accountant
On January 31, 2013, the Company appointed Salberg & Company, P.A. (Salberg) as the Registrants independent registered public accounting firm to perform independent audit services beginning with the fiscal year ending December 31, 2013. During the Registrants fiscal years ended December 31, 2011 and 2010, and through January 30, 2013, neither the Registrant, nor anyone on its behalf, consulted Salberg 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 with respect to the financial statements of the Registrant, in any case where a written report or oral advice was provided to the Registrant by Salberg that Salberg concluded was an important factor considered by the Registrant in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a disagreement (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
The appointment of Salberg was approved by the Audit Committee.
Financial Statements and Exhibits.
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.