Business Context and Reporting Period
This Form 8-K is a current report filed by Silversun Technologies, Inc. (not QXO, Inc.) on September 8, 2022. The filing addresses a change in the company's independent registered public accounting firm effective September 1, 2022.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative change of the external auditor.
Material Changes
- Accountant Change: Friedman LLP, the previous independent registered public accounting firm, combined with Marcum LLP.
- New Engagement: The Audit Committee approved the engagement of Marcum LLP to serve as the independent auditor for the fiscal year ending December 31, 2022.
- Resignation: Friedman LLP formally resigned on September 8, 2022, with Marcum LLP assuming all prior services.
Management Commentary and Risks
Management confirmed that Friedman LLP's report on the consolidated financial statements for the year ended December 31, 2021, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles. Furthermore, there were no disagreements with Friedman LLP on accounting principles, practices, or disclosures during the two most recent fiscal years and subsequent interim periods.
Investor Verification Checklist
- Verify the transition timeline between Friedman LLP and Marcum LLP to ensure no gap in audit coverage.
- Review the letter from Friedman LLP (Exhibit 16.1) for any additional context regarding the merger or resignation.
- Confirm that the change in auditors was not triggered by any undisclosed disagreements or reportable events.
- Monitor future filings for the first audit report issued by Marcum LLP.