Business Context and Reporting Period
This Form 6-K filing is submitted by China Internet Nationwide Financial Services Inc. (not Freight Technologies, Inc.) for the month of November 2019. The registrant is a foreign private issuer headquartered in Beijing, People's Republic of China. The filing primarily addresses a change in the company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of corporate governance changes rather than a financial results report.
Material Changes
- Dismissal of Previous Auditor: On November 13, 2019, the Company dismissed Wei, Wei & Co., LLP as its independent registered public accounting firm. The Board of Directors approved this decision on November 15, 2019.
- Engagement of New Auditor: Effective November 14, 2019, the Company engaged Centurion ZD CPA & Co. as its new independent registered public accounting firm.
- Audit History: The report from the previous auditor for the fiscal year ended December 31, 2018, contained no adverse opinion, disclaimer of opinion, or modifications.
Management Commentary and Risks
Management confirmed that there were no disagreements with the former auditor (Wei, Wei & Co., LLP) regarding accounting principles, financial statement disclosure, or auditing scope during the most recent fiscal year or through the date of this report. Additionally, there were no reportable events as defined under Item 304(a)(1)(v) of Regulation S-K. The former auditor agreed with the statements made in this filing.
Regarding the new auditor (Centurion ZD CPA & Co.), the Company stated that it did not consult with them regarding the application of accounting principles to specified transactions or any matters that were subjects of disagreement or reportable events during the two most recent fiscal years.
Key Facts for Investor Verification
- Verify the identity of the registrant: The filing is for China Internet Nationwide Financial Services Inc., not Freight Technologies, Inc.
- Confirm the effective dates of the auditor transition: Dismissal of Wei, Wei & Co., LLP on November 13, 2019, and engagement of Centurion ZD CPA & Co. on November 14, 2019.
- Review the absence of reported disagreements or reportable events with the former auditor.
- Note that no financial performance data is included in this specific filing.