Business Context and Reporting Period
This Form 8-K Current Report was filed by Code Chain New Continent Limited (trading symbol: CCNC) on October 11, 2022. The filing addresses a change in the company's independent registered public accounting firm. The company is incorporated in Nevada and maintains its principal executive offices in Chengdu, Sichuan, China.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
- Dismissal of Previous Auditor: On October 11, 2022, the company dismissed WWC, P.C. as its independent registered public accounting firm.
- Appointment of New Auditor: On the same date, the Audit Committee and Board of Directors appointed Enrome LLP as the new independent registered public accounting firm.
- Audit History: The reports issued by WWC, P.C. for the fiscal years ended December 31, 2021, and 2020 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Management Commentary, Risks, and Contingencies
- Disagreements: The company reported no disagreements with WWC, P.C. during the most recent fiscal year or through the date of dismissal regarding accounting principles, practices, financial statement disclosure, or auditing scope.
- Reportable Events: There were no "reportable events" as defined in Regulation S-K Item 304(a)(1)(v) during the relevant period.
- Consultation with New Auditor: The company confirmed that neither it nor anyone on its behalf consulted Enrome LLP regarding accounting principles or potential audit opinions prior to the engagement.
- Approval Process: The decision to change auditors was recommended and approved by the Audit Committee and the Board of Directors.
Important Facts for Investor Verification
- Verify the content of the letter from WWC, P.C. attached as Exhibit 16.1 to confirm their agreement with the company's statements regarding the dismissal.
- Monitor future filings to ensure Enrome LLP issues timely and unqualified audit opinions for subsequent periods.
- Review the company's most recent 10-K or 10-Q filings for the actual financial performance data, as this 8-K contains no financial figures.