Business Context and Reporting Period
This Form 8-K is a current report filed by KSIX Media Holdings, Inc. (not Surgepays, Inc., as indicated in the metadata) on May 12, 2017, with a signature date of June 30, 2017. The filing discloses a change in the company's independent certifying accountant.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on auditor changes and does not contain financial statement data.
Material Changes
- Termination of Auditor: On May 18, 2017, the Board of Directors terminated Paritz & Company, P.A. as the company's independent auditors.
- Engagement of New Auditor: On May 12, 2017, the Board approved the engagement of AMC Auditing, LLC as the new independent public accountants for the fiscal year ending December 31, 2016.
- Audit Disagreements: The company reported no disagreements with the former auditor (Paritz) regarding accounting principles, financial statement disclosure, or auditing scope during the relevant periods.
- Prior Audit Opinions: Paritz & Company's reports for the past year contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Outlook, and Risks
The filing does not contain management guidance, future outlook, or specific risk factors beyond the standard disclosure of the auditor change. The company confirmed that no consultations occurred with the new auditor (AMC Auditing) regarding accounting principles or potential audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the reason for the auditor change, as the filing states no disagreements occurred but does not explicitly detail the strategic rationale.
- Confirm the status of the financial statements for the fiscal year ending December 31, 2016, now that a new auditor has been engaged.
- Review the attached Exhibit 16.1 (Letter from Paritz & Company) to ensure the former auditor concurs with the company's statements regarding the termination.
- Check subsequent filings to confirm if AMC Auditing, LLC has issued an opinion on the 2016 financial statements.