Versus Systems Inc. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 13, 2022, covers the month of January 2022 for Versus Systems Inc., a foreign private issuer headquartered in Vancouver, Canada. The filing reports a material change regarding the company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding a change in auditors and does not contain financial statement data.
Material Changes
- Dismissal of Auditor: Davidson & Company LLP resigned as the independent registered public accounting firm, effective January 1, 2022.
- Engagement of New Auditor: Ramirez Jimenez International CPAs (RJI) was appointed as the successor firm, effective January 1, 2022, for the fiscal year ending December 31, 2021.
- Audit History: Davidson's audit reports for the years ended December 31, 2020, and 2019, were unqualified and contained no adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with Davidson on accounting principles, practices, or auditing scope during the last two fiscal years.
Outlook, Risks, and Management Commentary
Management confirmed that the Audit Committee informed the Board of Davidson's resignation on December 16, 2021. The company provided Davidson with a copy of this report prior to filing and received a letter from Davidson agreeing with the statements made regarding the resignation and lack of disagreements. No specific guidance, risks, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Verify the effective date of the auditor change (January 1, 2022).
- Confirm the identity of the new auditor (Ramirez Jimenez International CPAs).
- Review the attached Exhibit 16.1 (Davidson's letter to the SEC) for any additional context on the resignation.
- Note that RJI previously audited the company's wholly-owned subsidiary, Xcite Interactive, for 2019 and 2020.