Business Context and Reporting Period
This Form 8-K Current Report was filed by FingerMotion, Inc. on November 3, 2017. The registrant is incorporated in Delaware with principal executive offices in Hong Kong. The report addresses a material 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. The document notes that the outgoing auditor, Weinberg and Company, P.A., issued reports for the fiscal years ended February 28, 2017, and February 29, 2016, which included an explanatory paragraph regarding a going concern but contained no adverse or qualified opinions.
Material Changes
- Dismissal of Auditor: On November 3, 2017, the Board of Directors dismissed Weinberg and Company, P.A. as the independent registered public accounting firm.
- Engagement of New Auditor: On November 3, 2017, the Board approved the engagement of Centurion ZD CPA Limited as the new independent registered public accounting firm.
- Audit History: Centurion had previously audited the financial statements of the company's Hong Kong subsidiary, Finger Motion Company Limited.
Management Commentary and Risks
Management stated there were no disagreements with the former auditor, Weinberg, regarding accounting principles, financial statement disclosures, or auditing scope during the fiscal years ended February 28, 2017, and February 29, 2016, or the subsequent interim period. Additionally, no reportable events as defined in Regulation S-K occurred. The company confirmed that no consultations were held with the new auditor, Centurion, regarding accounting principles or potential audit opinions prior to their engagement. The filing includes a response letter from Weinberg as Exhibit 16.1.
Investor Verification Checklist
- Review the attached response letter from Weinberg and Company, P.A. (Exhibit 16.1) to confirm their agreement with the dismissal disclosures.
- Verify the status of the "going concern" explanatory paragraph noted in the prior fiscal year reports.
- Confirm the transition timeline and scope of work for the new auditor, Centurion ZD CPA Limited.
- Check for any subsequent filings regarding the financial statements for the period following the auditor change.