Merchandise 4.01 Modifications in Registrant’s Certifying Accountant.
Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Litecoin
Belief (LTC) (the “Belief”) was notified that the audit follow of Friedman LLP,
the Belief’s impartial registered public accounting agency (“Friedman”), was
mixed with Marcum LLP (“Marcum”) efficient September 1, 2022. On September
27, 2022, the Audit Committee of the Board of Administrators of the Sponsor accredited
the dismissal of Friedman and the engagement of Marcum to function the
impartial registered public accounting agency of the Belief. The providers
beforehand supplied by Friedman will now be supplied by Marcum.
The experiences of Friedman on the monetary statements of the Belief for the years
ended June 30, 2022 and 2021 contained no hostile opinion or disclaimer of
opinion and weren’t certified or modified as to uncertainty, audit scope or
accounting precept, apart from the inclusion of an emphasis of matter
paragraph with respect to investments in digital belongings. In reference to its
audits of the years ended June 30, 2022 and 2021 and opinions of the Belief’s
monetary statements by means of September 27, 2022, there have been no disagreements
with Friedman on any matter of accounting ideas or practices, monetary
assertion disclosure, or auditing scope or process, which disagreements, if
not resolved to the satisfaction of Friedman, would have precipitated them to make
reference thereto of their report on the monetary statements for such years.
The Sponsor has furnished to Friedman the statements made on this Merchandise 4.01.
Connected as Exhibit 16.1 to this Type 8-Okay is Friedman’s letter to the Securities
and Trade Fee (the “SEC”), dated September 29, 2022 relating to these
statements.
Throughout the two most up-to-date fiscal years and thru September 27, 2022, the
Belief has not consulted with Marcum on any matter that (i) concerned the
utility of accounting ideas to a specified transaction, both
accomplished or proposed, or the kind of audit opinion that could be rendered on
the Belief’s monetary statements, in every case the place a written report was
supplied or oral recommendation was supplied that Marcum concluded was an vital
issue thought-about by the Belief in reaching a call as to the accounting,
auditing or monetary reporting difficulty; or (ii) was both the topic of a
disagreement, as that time period is outlined in Merchandise 304(a)(1)(iv) of Regulation S-Okay
(“Regulation S-Okay”) promulgated by the SEC and the associated directions to Merchandise
304 of Regulation S-Okay, or a “reportable occasion,” as described in Merchandise
304(a)(1)(v) of Regulation S-Okay.
Merchandise 9.01 Monetary Statements and Reveals.
(d) Reveals
Exhibit No. Description
16.1 Letter, dated September 29, 2022 from Friedman LLP to the SEC,
relating to change in certifying accountant of the Firm
104 Cowl Web page Interactive Knowledge File (the quilt web page XBRL tags are embedded
inside the inline XBRL doc)
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