Business Context and Reporting Period
This Form 6-K filing by AGM Group Holdings, Inc. covers the month of December 2017 and was signed on January 5, 2018. The report discloses a change in 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 focuses exclusively on corporate governance regarding the audit firm and does not contain financial performance data.
Material Changes
- Dismissal of Previous Auditor: On December 29, 2017, the Company dismissed Anton & Chia, LLP ("AC").
- Appointment of New Auditor: On December 29, 2017, the Audit Committee and Board of Directors appointed MaloneBailey, LLP as the new independent registered public accounting firm.
- Audit History: The reports issued by AC for the fiscal years ended December 31, 2016 and 2015 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Management Commentary and Risks
Management confirmed that there were no disagreements with the previous auditor (AC) regarding accounting principles, financial statement disclosure, or auditing scope during the most recent fiscal year or through the date of dismissal. Additionally, no "reportable events" occurred as defined in Regulation S-K. The Company has requested a response letter from AC regarding these statements and intends to file an amendment to this Form 6-K upon receipt.
Key Facts for Investor Verification
- Verify the receipt and content of the response letter from the former auditor, Anton & Chia, LLP, which is expected to be filed as an amendment.
- Confirm the engagement terms and scope of the new auditor, MaloneBailey, LLP.
- Review subsequent filings (e.g., Form 20-F) for the first financial statements audited by the new firm to ensure continuity in reporting quality.