Business Context and Reporting Period
Golden Sun Education Group Limited, a foreign private issuer filing on Form 6-K, reported for November 2023. The filing was signed on November 27, 2023 and concerns a change in the Company’s independent registered public accounting firm.
The filing identifies the registrant as Golden Sun Education Group Limited, although the request metadata refers to Golden Sun Technology Group Ltd.
Material Change
Effective November 22, 2023, the Company appointed Assentsure PAC as its independent registered public accounting firm and terminated Marcum Asia CPAs LLP.
- Marcum Asia served as auditor from October 27, 2022 through November 22, 2023.
- The change was approved by the audit committee and board of directors following an evaluation process.
- The Company stated that the change was not due to disagreements regarding accounting principles, financial statement disclosure, or audit scope or procedures.
- Marcum Asia’s audit report on the fiscal year ended September 30, 2022 did not contain an adverse opinion, disclaimer, qualification, or modification.
- The Company stated that no disagreements existed with Marcum Asia during the fiscal year ended September 30, 2022 or the subsequent interim period through November 22, 2023.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics.
Internal Control Matters and Other Risks
Marcum Asia advised the Company of two material weaknesses in internal control:
- Insufficient financial reporting and accounting personnel with appropriate U.S. GAAP and SEC reporting expertise to address accounting matters and prepare and review financial statements and disclosures.
- Insufficient management review, approval, and documentation for certain related-party transactions.
The Company reported no other reportable events during the fiscal year ended September 30, 2022 or the subsequent period through November 22, 2023.
The Company stated that it had not consulted Assentsure during the two most recent fiscal years or the subsequent interim period regarding accounting principles for a specified transaction, potential audit opinions, or other matters described in Item 304(a)(2) of Regulation S-K.
Exhibit and Verification Items
- Verify the identity of the registrant, as the filing names Golden Sun Education Group Limited while the request metadata names Golden Sun Technology Group Ltd.
- Review Exhibit 99.1, Marcum Asia’s letter to the SEC dated November 27, 2023, for its confirmation of the Company’s disclosures.
- Assess whether the identified material weaknesses have been remediated and whether they could affect future SEC reporting.
- Confirm the scope and terms of Assentsure PAC’s engagement and its status as the Company’s current independent registered public accounting firm.
- Review subsequent filings for updated auditor information, internal-control disclosures, and financial results for the fiscal year ended September 30, 2023.