Business Context and Reporting Period
This Form 8-K filing by Greenpro Capital Corp. (GRNQ) reports a change in the registrant's certifying accountants. The report date is July 1, 2020, with the filing signed on July 8, 2020. The company is incorporated in Nevada and trades on the NASDAQ Capital Market.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the administrative change of the independent auditor.
Material Changes
- Resignation of Previous Auditor: On July 1, 2020, Weinberg & Company, P.A. resigned as the Company's principal independent accountant, effective immediately.
- Engagement of New Auditor: On July 3, 2020, the Company engaged JLKZ CPA LLP as its new independent auditor. This appointment was approved by the Board of Directors on July 3, 2020, and the Audit Committee on July 6, 2020.
- Audit History: The audit report by Weinberg for the fiscal year ended December 31, 2019, included an explanatory paragraph regarding the Company's ability to continue as a going concern. There were no disagreements between the Company and Weinberg regarding accounting principles, financial statement disclosure, or auditing scope.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure of the auditor change. The primary contingency noted is the prior "going concern" qualification in the 2019 audit report, which was not a disagreement but an explanatory note by the former auditor.
Investor Verification Checklist
- Verify the reasons for Weinberg & Company, P.A.'s resignation, as the filing states there were no disagreements but does not explicitly detail the cause.
- Confirm the status of the "going concern" qualification noted in the December 31, 2019 audit report and whether the new auditor, JLKZ CPA LLP, has addressed this in subsequent filings.
- Review the letter from Weinberg (Exhibit 16.1) to ensure concurrence with the Company's statements regarding the resignation.
- Monitor upcoming filings for the first financial statements audited by JLKZ CPA LLP to assess any changes in audit scope or opinion.