Business Context and Reporting Period
This Form 8-K filing by Greenpro Capital Corp. (GRNQ) was submitted on July 23, 2021, reporting events occurring on July 21, 2021. The company is incorporated in Nevada and operates with principal executive offices in Kuala Lumpur, Malaysia. The filing specifically addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is a current report focused solely on corporate governance regarding accounting services.
Material Changes
- Resignation of Previous Accountant: JLKZ CPA LLP resigned as the independent registered public accounting firm effective July 15, 2021. The firm cited "constraints in resources" as the reason for resignation.
- Approval of Change: The Board of Directors approved and accepted the resignation on July 21, 2021.
- Engagement of New Accountant: JP Centurion & Partners PLT ("Centurion") was engaged as the new independent registered public accounting firm effective July 21, 2021.
Management Commentary, Risks, and Contingencies
Disagreements and Reportable Events: Management confirmed there were no disagreements with the former accountant (JLKZ) regarding accounting principles, financial statement disclosures, or auditing scope during the fiscal year ended December 31, 2020, or through the date of the report. Additionally, no reportable events as defined under Item 304(a)(1)(v) of Regulation S-K occurred during this period.
Consultation with New Accountant: The company did not consult with the new firm (Centurion) regarding the application of accounting principles or the type of audit opinion during the two most recent fiscal years or through the date of engagement.
Confirmation: JLKZ CPA LLP provided a letter agreeing with the statements made in this filing regarding the reasons for resignation and the absence of disagreements.
Investor Verification Checklist
- Verify the effective date of the new auditor engagement (July 21, 2021) to ensure continuity in financial reporting.
- Review the letter from JLKZ CPA LLP (Exhibit 16.1) to confirm the stated reason for resignation and lack of disagreements.
- Monitor future filings for the first audit report issued by JP Centurion & Partners PLT.
- Check for any subsequent 8-K filings if the resource constraints cited by the former auditor impact the company's ability to meet reporting deadlines.