HF Foods Group Inc. current report, 08 September 2021

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HF Foods Group Inc. Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by HF Foods Group Inc. on September 8, 2021. The filing primarily addresses a change in the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021.

Key Financial Metrics

The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and audit matters rather than financial performance data.

Material Changes

  • Accountant Change: The Audit Committee appointed BDO USA, LLP as the new independent registered public accounting firm, effective September 8, 2021.
  • Dismissal: Friedman LLP was dismissed as the independent registered public accounting firm as of September 8, 2021.
  • Audit History: Friedman's reports for fiscal years 2019 and 2020 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
  • Disagreements: There were no disagreements between management and Friedman on accounting principles, practices, or audit scope during the 2019-2020 period or the interim period through September 8, 2021.
  • Reportable Events: No reportable events occurred other than material weaknesses related to ineffective internal accounting controls previously disclosed in Form 10-K filings.

Guidance, Outlook, and Risks

The filing does not contain forward-looking guidance, management commentary on future operations, or new risk factors. The only noted contingency is the previously disclosed material weakness in internal accounting controls.

Investor Verification Checklist

  • Verify the rationale for the change in auditors from Friedman LLP to BDO USA, LLP.
  • Review the status of remediation for the material weaknesses in internal accounting controls mentioned in prior 10-K filings.
  • Confirm the engagement letter terms and scope of work with the new auditor, BDO USA, LLP.
  • Check for any subsequent filings regarding the transition of audit responsibilities.