Filing Overview
Golden Sun Education Group Limited filed a Form 6-K for November 2022, dated November 1, 2022. The filing reports a change in the Company’s independent registered public accounting firm and does not provide current-period financial results.
Business Context and Reporting Period
- The Company’s principal executive offices are in Shanghai, China.
- The filing references fiscal years ended September 30, 2020 and September 30, 2021, as well as the period through October 27, 2022.
- The filing is made under Form 20-F reporting status.
Auditor Change
- Friedman LLP served as the Company’s independent registered public accounting firm through October 27, 2022.
- Effective September 1, 2022, Friedman combined with Marcum LLP and continued operating as an independent registered public accounting firm.
- On October 27, 2022, the audit committee approved the engagement of Marcum Asia CPAs LLP as the Company’s independent registered public accounting firm. Services previously provided by Friedman are now provided by Marcum Asia.
- Friedman’s audit reports on the consolidated financial statements for the fiscal years ended September 30, 2021 and 2020 contained no adverse opinion or disclaimer and were not qualified or modified.
- The Company reported no disagreements with Friedman regarding accounting principles, financial statement disclosures, or audit scope and procedures during the two most recent fiscal years or through October 27, 2022.
- The Company reported no reportable events during those periods.
- The Company stated that it had not consulted Marcum Asia regarding specified accounting transactions, potential audit opinions, or other matters covered by Item 304(a)(2) of Regulation S-K.
Financial Metrics and Outlook
The filing does not provide clear values for revenue, profit, cash flow, margins, debt, liquidity, operating performance, guidance, or other financial metrics. It also does not include management’s outlook or commentary on business risks and contingencies.
Material Changes and Unusual Items
The material reported change is the transition from Friedman LLP to Marcum Asia CPAs LLP following Friedman’s combination with Marcum LLP. The filing states that the change was not caused by accounting disagreements, audit-scope disputes, reportable events, or qualified audit opinions.
Exhibit
Exhibit 99.1 is Friedman LLP’s letter to the SEC dated November 1, 2022, addressing the Company’s disclosures regarding the auditor change.
Investor Verification Priorities
- Verify the scope and contents of Friedman’s Exhibit 99.1 letter.
- Confirm Marcum Asia CPAs LLP’s continued appointment and any subsequent auditor changes.
- Review the Company’s annual report and later filings for financial results, liquidity, debt, going-concern considerations, and operational developments.
- Note that the provided filing text identifies the registrant as Golden Sun Education Group Limited, despite the request metadata naming Golden Sun Technology Group Ltd.