Chanson International Holding current report, Q3 FY2023

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Chanson International Holding — Form 6-K Summary

Business Context and Reporting Period

Chanson International Holding filed a Form 6-K for July 2023, dated July 11, 2023. The filing reports a change in the Company’s independent registered public accounting firm.

Auditor Change

  • Effective July 10, 2023, the Company appointed Assentsure PAC as its independent registered public accounting firm.
  • Assentsure replaced Marcum Asia CPAs LLP, which the Company dismissed on July 9, 2023.
  • The change was approved by the audit committee after an evaluation process.
  • The Company stated that the change was not due to any disagreement with Marcum Asia regarding accounting principles, financial statement disclosure, or audit scope or procedures.
  • Marcum Asia audited the Company since November 10, 2022. Its report on the December 31, 2022 consolidated financial statements contained no adverse opinion, disclaimer, or qualification related to uncertainty, audit scope, or accounting principles.

Financial Metrics and Material Changes

The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating or financial metrics. It does not report material changes in financial performance versus a comparable prior period.

Controls, Risks, and Other Disclosures

  • The Company disclosed that management had reported material weaknesses in the Risk Factors section of its annual report on Form 20-F filed May 1, 2023.
  • Except for those previously reported material weaknesses, the Company stated that no reportable events occurred during Marcum Asia’s engagement through July 9, 2023.
  • The Company stated that neither it nor anyone acting on its behalf had consulted Assentsure during the two most recent fiscal years or subsequent interim periods before its engagement regarding accounting principles, audit opinions, disagreements, or reportable events.
  • Marcum Asia provided a letter to the SEC regarding the Company’s disclosures; the letter dated July 11, 2023 was filed as Exhibit 16.1.

Most Important Facts to Verify

  1. Review Exhibit 16.1 for Marcum Asia’s response to the Company’s statements about the auditor change.
  2. Review the Company’s Form 20-F filed May 1, 2023 for details of the disclosed material weaknesses and any remediation plans.
  3. Confirm Assentsure PAC’s future audit reports, including any changes in audit opinion, internal-control findings, or reportable events.