Business Context and Reporting Period
This Form 6-K filing by Mercurity Fintech Holding Inc. (a Cayman Islands-incorporated foreign private issuer) covers the month of February 2023. The report discloses a material corporate governance event regarding the change of the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly informational regarding auditor engagement.
Material Changes
- Termination of Auditor: On January 27, 2023, the Board of Directors approved the termination of Shanghai Perfect C.P.A. Partnership as the independent registered public accounting firm.
- Engagement of New Auditor: On the same date, the Board approved the engagement of Onestop Assurance PAC as the new independent registered public accounting firm.
- Audit History: Reports by Shanghai Perfect for fiscal years ended December 31, 2019, 2020, and 2021, and the interim period through June 30, 2022, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements with Shanghai Perfect regarding accounting principles, practices, financial statement disclosure, or auditing scope during the covered periods.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on business operations. It confirms that no reportable events under Item 304(a)(1)(v) of Regulation S-K occurred during the prior audit periods. The company confirmed that no consultations regarding accounting principles or disagreements occurred with the new auditor, Onestop Assurance, prior to their engagement.
Investor Verification Checklist
- Verify the effective date of the new auditor's engagement and the scope of their initial review.
- Review the letter from Shanghai Perfect C.P.A. Partnership (Exhibit 16.1) to confirm their concurrence with the company's disclosure.
- Monitor future filings for the first financial statements audited by Onestop Assurance PAC.
- Check for any subsequent filings that might explain the rationale behind the auditor change, as it is not detailed in this text.