Business Context and Reporting Period
This Form 6-K filing by Golden Bull Limited (doing business as Bit Digital, Inc.) covers the month of September 2019. The report, dated September 23, 2019, discloses a change in the company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm and does not contain financial statement data.
Material Changes
- Resignation of Previous Auditor: Friedman LLP resigned as the independent registered public accounting firm on September 23, 2019.
- Audit History: Friedman's audit reports for fiscal years ended December 31, 2018, and 2017, did not contain an adverse opinion or disclaimer of opinion.
- Disagreements: The company reported no disagreements with Friedman regarding accounting principles, practices, or auditing scope during the relevant periods.
- Appointment of New Auditor: Wei, Wei & Co., LLP (WWC) was appointed as the new independent registered public accounting firm on September 23, 2019, to audit the fiscal year ending December 31, 2019.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary risk disclosed relates to the transition of the audit firm, though the company confirmed no reportable events or disagreements occurred with the outgoing firm. The company has received a letter from Friedman LLP agreeing with the statements regarding the resignation, which is filed as Exhibit 99.1.
Key Facts for Investor Verification
- Verify the reasons for Friedman LLP's resignation, as the filing states no disagreements occurred but does not explicitly state the cause.
- Confirm the qualifications and independence of the newly appointed auditor, Wei, Wei & Co., LLP.
- Review the letter from Friedman LLP (Exhibit 99.1) to ensure there are no undisclosed issues regarding the audit.
- Monitor upcoming financial filings to ensure the new auditor issues an unqualified opinion for the 2019 fiscal year.