Filing Overview
E-Home Household Service Holdings Limited filed this Form 6-K for October 2020, dated October 27, 2020. The filing reports a change in the Company’s independent registered public accounting firm under Form 20-F Item 16F.
Business Context and Reporting Period
The Company is a foreign private issuer headquartered in Fuzhou, China. This filing is an auditor-change disclosure and does not provide operating or financial results for the period.
Financial and Operating Metrics
The filing does not provide clear values for revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics.
Material Changes
- Effective October 26, 2020, the Company dismissed Thayer O’Neal Company, LLC (“Thayer”) as its independent registered public accounting firm.
- Thayer’s departure was attributed to its application for deregistration from the PCAOB, following the retirement of a name partner and restructuring of Thayer’s equity.
- Effective October 26, 2020, the Company engaged TPS Thayer, LLC Certified Public Accountants (“TPS”) as its new independent registered public accounting firm.
- The Company’s board of directors participated in and approved the auditor change.
Audit Matters, Risks, and Unusual Items
- Thayer’s audit reports on the fiscal-year financial statements ended June 30, 2019 and June 30, 2018 were not adverse, disclaimed, or otherwise modified.
- The Company reported no disagreements with Thayer concerning accounting principles, financial statement disclosure, or audit scope or procedures during those fiscal years or through October 26, 2020.
- The Company disclosed material weaknesses related to the reconciliation of various accounts and insufficient precision and accuracy in properly reflecting information in the financial statements.
- Other than those material weaknesses, the Company reported no reportable events as defined under Form 20-F Item 16F.
- The Company stated that it had not consulted TPS during the two most recent fiscal years or through October 26, 2020 regarding accounting principles, audit opinions, disagreements, or reportable events.
- Exhibit 15.1 contains Thayer’s letter to the SEC regarding the Company’s statements about the auditor change.
Investor Verification Priorities
- Verify the scope and remediation status of the disclosed material weaknesses involving account reconciliations and financial statement accuracy.
- Review Thayer’s Exhibit 15.1 letter for any differing views regarding the auditor change.
- Confirm TPS’s continued appointment and review future filings for its audit report and any updated internal-control disclosures.
- Review the Company’s subsequent annual report for financial results, liquidity, debt, and any effects arising from the auditor transition.