Business Context and Reporting Period
This Form 6-K filing by Fusion Fuel Green PLC covers the month of April 2021, with the report dated May 3, 2021. The Company is a foreign private issuer incorporated in Ireland, with its principal executive office located in Dublin. 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 for the current period. The document focuses exclusively on corporate governance regarding the audit firm transition and does not contain financial statements or performance data for April 2021.
Material Changes
- Change in Certifying Accountant: On March 2, 2021, the Company dismissed Marcum LLP as its independent registered public accounting firm.
- Appointment of New Auditor: The Audit Committee approved the appointment of KPMG Chartered Accountants as the new independent registered public accounting firm for the fiscal year ended December 31, 2020. KPMG completed its acceptance procedures and executed an engagement letter on March 2, 2021.
- Audit History: Marcum's previous audit reports did not contain adverse opinions or disclaimers, though they included explanatory paragraphs regarding the ability of the Company's operating subsidiary (Fusion Fuel) and its predecessor (HL Acquisition Corp.) to continue as a going concern.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on future operations. Regarding risks and contingencies, the Company confirmed there were no disagreements with Marcum LLP on accounting principles, financial statement disclosure, or auditing scope that would have required reference in their reports. Additionally, no "reportable events" occurred during the relevant periods. The Company confirmed that no consultations were held with KPMG regarding accounting principles or audit opinions prior to their formal engagement.
Key Facts for Investor Verification
- Verify the effective date of the transition from Marcum LLP to KPMG Chartered Accountants (March 2, 2021).
- Review the attached letter from Marcum LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor future filings for the first audited financial statements prepared under KPMG's supervision.
- Note the historical "going concern" explanatory paragraphs in prior audits for the operating subsidiary and predecessor entity.