Huadi International Group Co., Ltd. — Form 6-K Summary
Business Context and Reporting Period
This Form 6-K covers July 2023 and reports a change in the Company’s independent registered public accounting firm. On July 10, 2023, the Company terminated TPS Thayer, LLC and appointed HTL CPA’s and Business Advisors LLC. The filing was signed on July 12, 2023.
Financial Metrics and Liquidity
The filing does not provide current revenue, profit, cash flow, margin, debt, liquidity, or other operating and financial metrics. It references audited financial statements for the fiscal years ended September 30, 2022 and 2021.
Material Changes Versus the Prior Comparable Period
- TPS Thayer served as the Company’s independent registered public accounting firm through July 10, 2023.
- HTL CPA’s and Business Advisors LLC was appointed as the new independent registered public accounting firm on July 10, 2023.
- The Audit Committee and Board of Directors recommended and approved the change.
Management Commentary, Risks, and Unusual Items
- TPS Thayer’s reports on the Company’s financial statements for fiscal years 2022 and 2021 contained no adverse opinion or disclaimer and were not qualified or modified for uncertainty, audit scope, or accounting principles.
- The Company reported no disagreements with TPS Thayer regarding accounting principles, financial statement disclosure, or audit scope and procedures during fiscal 2022 through July 10, 2023.
- The Company reported no reportable events under Regulation S-K Item 304(a)(1)(v).
- Before its engagement, neither the Company nor anyone acting on its behalf consulted HTL regarding accounting principles, audit opinions, disagreements, or reportable events.
- The auditor transition may create execution, timing, or financial-reporting risks, although the filing does not identify any specific accounting issue or dispute.
Key Facts for Investors to Verify
- Confirm the effective dates and completion of the transition from TPS Thayer to HTL.
- Review TPS Thayer’s July 12, 2023 letter filed as Exhibit 16.1.
- Confirm whether subsequent filings contain HTL’s audit or review results and any changes in internal controls or accounting conclusions.
- Review the Company’s fiscal 2022 and 2021 financial statements separately for financial performance, debt, liquidity, and cash-flow information not included in this Form 6-K.