Company: BCAR
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001829126-25-004773
Chunk: 78

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 78
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framework for the PCAOB to use when determining, as contemplated under the HFCAA, whether it is unable to inspect or investigate completely
registered public accounting firms located in a foreign jurisdiction because of a position taken by one or more authorities in that jurisdiction.

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On December 2, 2021, the SEC issued amendments
to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies Accountable Act. The rules
apply to registrants that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting
firm that is located in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely because of a position taken
by an authority in foreign jurisdictions. The SEC may propose additional rules or guidance that could impact us if our auditor is not
subject to PCAOB inspection.

On December 16, 2021, the PCAOB issued
a Determination Report which found that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered
in: (i) China, and (ii) Hong Kong.

On August 26, 2022, the PCAOB signed
a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of
China (“”), taking the first step toward opening access for the PCAOB to inspect and investigate registered public
accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law. Pursuant to the SOP, the PCAOB shall
have independent discretion to select any issuer audits for inspection or investigation and has the unfettered ability to transfer information
to the SEC.

On December 15, 2022, the PCAOB determined
that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland
China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should the People’s Republic of China
(“” or “”) authorities obstruct or otherwise fail to facilitate the PCAOB’s access
in the future, the PCAOB will consider the need to issue a new determination. Our auditor, Guangdong Prouden CPAs GP, headquartered in
Guangzhou, China, is an independent registered public accounting firm with the PCAOB and has been inspected by the PCAOB on a regular
basis. As of the date of the prospectus, our auditor is not subject to any determination as to the inability to inspect or investigate
registered