CN Energy Group Inc. — Form 6-K Summary
Business Context and Reporting Period
CN Energy Group Inc., a foreign private issuer reporting on Form 20-F, filed this Form 6-K for September 2022. The filing reports a change in the Company’s independent registered public accounting firm.
Key Financial Information
This filing does not provide current-period revenue, profit, cash flow, margins, debt, liquidity, or other operating financial metrics. It references audited consolidated financial statements for the fiscal years ended September 30, 2021 and 2020.
Material Change Versus the Prior Comparable Period
- Effective September 21, 2022, the Company dismissed Friedman LLP and appointed Enrome LLP as its independent registered public accounting firm.
- The change was approved by the Company’s board of directors and audit committee following an evaluation process.
- The Company stated that the auditor change was not due to disagreements with Friedman regarding accounting principles or practices, financial statement disclosure, or audit scope or procedures.
Guidance, Outlook, Risks, and Unusual Items
- Friedman’s audit reports on the consolidated financial statements for the fiscal years ended September 30, 2021 and 2020 contained no adverse opinion or disclaimer and were not qualified or modified for uncertainty, scope, or accounting principles.
- The Company reported no disagreements with Friedman during the two most recent fiscal years or through September 21, 2022 that would have required disclosure in Friedman’s audit reports.
- The Company reported no “reportable events” during the relevant period under Item 304(a)(1)(v) of Regulation S-K.
- Before its engagement, Enrome was not consulted by or on behalf of the Company regarding specified accounting transactions, potential audit opinions, disagreements, or reportable events.
- Exhibit 16.1 contains Friedman’s letter to the SEC dated September 26, 2022 concerning the Company’s disclosure.
Important Facts for Investors to Verify
- Review Friedman’s Exhibit 16.1 letter to confirm its agreement or disagreement with the Company’s auditor-change disclosure.
- Review subsequent filings for Enrome’s audit reports, any identified control deficiencies, and any later auditor changes.
- Consult the Company’s annual report for the fiscal year ended September 30, 2022 for financial performance, liquidity, debt, and going-concern information, which are not included in this Form 6-K.