Business Context and Reporting Period
This Form 8-K filing by China BAK Battery, Inc. (CBAK Energy Technology, Inc.) covers the period ending January 22, 2013, with the earliest event reported on January 16, 2013. The report addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Resignation of Prior Auditor: PKF, Certified Public Accountants, Hong Kong, China, resigned as the independent registered public accounting firm effective January 2, 2013.
- Appointment of New Auditor: The Audit Committee appointed Crowe Horwath (HK) CPA Limited as the new independent registered public accounting firm, effective immediately on January 16, 2013.
Guidance, Outlook, and Risks
The filing states that during the two most recent fiscal years (ended September 30, 2012 and 2011) and the interim period through January 16, 2013, the Company did not consult Crowe Horwath regarding:
- The application of accounting principles to specified transactions.
- The type of audit opinion that might be rendered.
- Any matters subject to disagreement or reportable events as defined in Regulation S-K.
No financial guidance, outlook, or specific risk factors beyond the auditor change are provided in this document.
Investor Verification Checklist
- Verify the reasons for PKF's resignation on January 2, 2013, as disclosed in the January 8, 2013 filing.
- Confirm the transition timeline and scope of work for the new auditor, Crowe Horwath.
- Review subsequent filings for any restatements or audit opinions issued by the new firm.