SEC Form 6-K Summary
Business Context and Reporting Period
TOP Financial Group Ltd., identified in the filing as Zhong Yang Financial Group Limited, filed a Form 6-K for June 2022. The filing reports changes to the Company’s independent registered public accounting firm and was signed on June 29, 2022.
Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other current financial metrics.
Material Changes
- On June 26, 2022, the Company dismissed Friedman LLP as its independent registered public accounting firm. The decision was approved by the Audit Committee.
- Friedman LLP audited the Company during the period from July 6, 2020 through June 26, 2022, including fiscal years ended March 31, 2021, 2020, and 2019.
- Friedman’s audit reports for those fiscal years contained no adverse opinion, disclaimer of opinion, or qualification or modification relating to uncertainty, audit scope, or accounting principles.
- The Company reported no disagreements with Friedman regarding accounting principles, financial statement disclosure, or audit scope and no reportable events under Item 304(a)(1)(v) of Regulation S-K.
- On June 26, 2022, the Audit Committee approved and ratified YCM CPA Inc. as the new independent registered public accounting firm.
- The Company stated that it had not consulted YCM CPA Inc. on accounting, auditing, financial reporting, disagreement, or reportable-event matters before its engagement.
Guidance, Risks, and Unusual Items
No financial guidance, operating outlook, management forecast, contingencies, or unusual financial items are disclosed. The auditor transition is the principal corporate-governance and reporting development in the filing.
The Company provided Friedman LLP with a copy of the report and requested a letter to the SEC stating whether Friedman agrees with the Company’s disclosures. The letter is identified as Exhibit 16.1.
Investor Verification Items
- Verify Friedman LLP’s Exhibit 16.1 letter and whether it agrees with the Company’s statements.
- Confirm the effective engagement and subsequent audit work of YCM CPA Inc.
- Review the Company’s annual report and other filings for financial results, liquidity, debt, and any matters arising after the auditor change.
- Confirm the relationship between the requested company name, TOP Financial Group Ltd., and the filing’s stated registrant name, Zhong Yang Financial Group Limited.