Business Context and Reporting Period
This Form 6-K filing by Integrated Media Technology Ltd (IMTE) is dated December 30, 2021. The report discloses a change in the Company's independent registered public accounting firm. The Company is a foreign private issuer with its principal executive office in Adelaide, Australia.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Dismissal of Auditor: On December 30, 2021, IMTE dismissed Ramirez Jimenez International CPAs ("RJI") as its independent registered public accounting firm.
- Appointment of New Auditor: On December 30, 2021, the Company appointed Audit Alliance LLP ("Alliance") as its new independent registered public accounting firm, approved by the board on December 29, 2021.
- Audit History: RJI's reports for the years ended December 31, 2020, 2019, and 2018 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or principles. However, the Company did have a going concern qualification for each of these three years.
- Disagreements: There were no disagreements between the Company and RJI regarding accounting principles, practices, disclosures, or audit scope/procedures.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future operations. The primary risk disclosed is the change in auditor, though the Company confirmed no consultations with the new auditor regarding accounting principles or audit opinions prior to appointment. The historical presence of a "going concern" qualification in prior years remains a noted contingency from the previous auditor's tenure.
Investor Verification Checklist
- Verify the reasons for dismissing Ramirez Jimenez International CPAs, as the filing states no disagreements occurred.
- Confirm the status of the "going concern" qualification noted in the 2018, 2019, and 2020 financial statements.
- Review the transition plan between the former and new auditors to ensure continuity in financial reporting.
- Check for any subsequent filings that may provide the financial metrics absent from this specific 6-K.