Business Context and Reporting Period
This Form 6-K filing by Qilian International Holding Group Limited (referred to in metadata as BGM Group Ltd.) covers the month of November 2022. The report discloses a change in the registrant's certifying accountant effective November 15, 2022.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure regarding auditor changes and does not contain financial performance data.
Material Changes
- Accountant Dismissal: The audit committee approved the dismissal of Friedman LLP on November 15, 2022.
- New Engagement: Marcum Asia CPAs LLP was engaged to serve as the new independent registered public accounting firm.
- Background: Friedman LLP had combined with Marcum LLP effective September 1, 2022, and continued to serve the company until the formal transition on November 15, 2022.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. Regarding risks and contingencies, the company states there were no disagreements with the former auditor (Friedman) on accounting principles, practices, or auditing scope during the two most recent fiscal years or the subsequent period through November 15, 2022. Additionally, no reportable events occurred during these periods.
Investor Verification Checklist
- Verify the transition of audit responsibilities from Friedman LLP to Marcum Asia CPAs LLP.
- Confirm the absence of any disagreements or reportable events with the former auditor as stated in the filing.
- Review the attached Exhibit 16.1 (Letter from Friedman LLP) for any additional context on the dismissal.
- Note that this filing does not contain updated financial statements; investors should refer to the most recent Form 20-F for financial data.