HARBIN, China, May 28 /Xinhua-PRNewswire-FirstCall/ -- China Sky One Medical, Inc. (Amex: CSY) (''China Sky One'' or ''the Company''), a manufacturer, marketer and distributor of pharmaceutical, medicinal and diagnostic products in China, announced today that it has engaged MSPC, Certified Public Accountants and Advisors LLP (''Moore Stephens'') as its independent auditor effective May 21, 2008. The Company terminated its contract with Sherb & Co., LLP that same day.
The decision to change accountants was approved by the Company's Audit Committee and Board of Directors, effective as of May 21, 2008. Prior to the dismissal of Sherb & Co., LLP, the firm audited the Company's financial statements for the year ended December 31, 2007 and reviewed the Company's unaudited interim reports for the quarter ended March 31, 2008. In connection with such review, there were no disagreements with Sherb & Co., LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
''We look forward to working with our new independent auditor, Moore Stephens, to ensure that the Company continues to achieve high standards in financial reporting, which is in keeping with our profile as an American Stock Exchange listed company. We are committed to protecting the interests of our shareholders and providing transparent public disclosure,'' said Mr. Yan-qing Liu, Chairman, CEO and Director of China Sky One Medical, Inc.
About China Sky One Medical, Inc.
China Sky One Medical, Inc., a Nevada corporation, is a holding company
whose principal operations are through its subsidiaries, which are engaged
in the manufacturing, marketing and distribution of pharmaceutical,
medicinal and diagno
|SOURCE China Sky One Medical, Inc.|
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