Business Context and Reporting Period
This Form 6-K filing by MMTEC, INC. covers the month of October 2023, specifically dated October 23, 2023. The report details a significant corporate governance event regarding the dismissal of the Company's independent accountant and the appointment of a new auditor.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly a disclosure of auditor changes and does not contain financial statements or performance summaries.
Material Changes
- Dismissal of Auditor: On October 23, 2023, the Company dismissed MaloneBailey, LLP, its independent registered public accounting firm.
- Appointment of New Auditor: On the same date, the Audit Committee and Board of Directors engaged AssentSure PAC, a firm located in Singapore, as the independent auditor for the fiscal year ending December 31, 2023.
- Audit History: Reports for fiscal years 2022 and 2021 by MaloneBailey contained no adverse opinions, disclaimers, or qualifications. No "disagreements" or "reportable events" occurred during those years or the interim period through October 22, 2023.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or specific risk factors beyond the context of the auditor change. The Company confirmed that no consultations were held with the new auditor, AssentSure, regarding accounting principles, audit opinions, or matters that would constitute a disagreement or reportable event prior to their engagement.
Investor Verification Checklist
- Verify the content of the letter from MaloneBailey, LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Confirm AssentSure PAC's standing with the PCAOB and their inspection status in Singapore.
- Review subsequent filings to ensure the transition of audit responsibilities does not impact the timeliness or quality of future financial reporting.
- Monitor for any future disclosures regarding disagreements or reportable events that may have been undisclosed prior to the dismissal.