Agape ATP Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Agape ATP Corp (Nevada) on November 25, 2019. The company is an emerging growth company with its principal executive offices in Kuala Lumpur, Malaysia. Its common stock trades under the symbol AATP on the OTC Markets.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and accounting changes rather than financial performance data.
Material Changes
- Change in Certifying Accountant: On November 25, 2019, the Company replaced Total Asia Associates PLT with Friedman LLP as its independent registered public accounting firm.
- Change in Fiscal Year: On November 25, 2019, the Company amended its fiscal year-end from June 30 to December 31.
Management Commentary and Risks
Management confirmed that the former accountant, Total Asia, issued unqualified opinions for the fiscal years ended June 30, 2019, and 2018. There were no disagreements with Total Asia regarding accounting principles, practices, or audit scope during the relevant periods. Additionally, no reportable events occurred as defined in Regulation S-K. The Company confirmed that no consultations were held with the new accountant, Friedman LLP, regarding accounting principles or potential audit opinions prior to their engagement.
Investor Verification Checklist
- Verify the transition timeline and first audit report date for the new fiscal year ending December 31.
- Confirm the reasons for the change in accounting firm, as the filing cites no disagreements.
- Review the impact of the fiscal year change on future reporting schedules and comparability of financial statements.
- Check for any subsequent filings regarding the engagement letter or initial audit scope with Friedman LLP.