Business Context and Reporting Period
WeTrade Group Inc. filed this Form 8-K under Item 4.01 on May 11, 2023, with the report signed May 15, 2023. The request identifies the company as Next Technology Holding Inc.; however, the filing names WeTrade Group Inc. as the registrant. The filing concerns a change in the company’s independent registered public accounting firm and does not report operating or period-end financial results.
Financial Metrics and Liquidity
The filing does not provide current or comparative revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics. It references audited financial statements for the fiscal years ended December 31, 2021 and 2020, but does not reproduce their amounts.
Material Changes Versus the Prior Comparable Period
- On May 8, 2023, the company notified TAAD LLP that it was being dismissed as the independent registered public accounting firm.
- On May 9, 2023, the Audit Committee and Board of Directors appointed Assentsure PAC as the new independent registered public accounting firm.
- TAAD’s reports on the company’s 2021 and 2020 financial statements contained no adverse opinion, disclaimer, or qualification relating to uncertainty, audit scope, or accounting principles.
- For the fiscal year ended December 31, 2022, and through TAAD’s dismissal date, the company reported no disagreements with TAAD regarding accounting principles, financial statement disclosure, or audit scope or procedures, and no reportable events under Regulation S-K Item 304(a)(1)(v).
Guidance, Outlook, Risks, and Unusual Items
No financial guidance, business outlook, contingencies, or operating risks are disclosed. The auditor transition is the principal unusual item. The company stated that neither it nor anyone acting on its behalf consulted Assentsure during the two most recent fiscal years ended December 31, 2022 and 2021 or subsequent interim periods before engagement regarding specified accounting matters, potential audit opinions, disagreements, or reportable events.
The company provided TAAD with a copy of the filing on May 10, 2023 and requested a letter to the SEC stating whether TAAD agrees with the company’s disclosures. The filing lists that letter as Exhibit 16.1.
Key Facts to Verify
- Confirm the registrant’s correct legal name, because the request identifies Next Technology Holding Inc. while the filing identifies WeTrade Group Inc.
- Review Exhibit 16.1 for TAAD’s response and determine whether it agrees with the company’s statements.
- Verify Assentsure PAC’s engagement and the scope and timing of its audit of the company’s financial statements.
- Review the company’s subsequent filings for any changes in auditor-related disclosures, audit opinions, internal controls, or delayed financial reporting.
- Obtain the referenced 2020–2021 financial statements and later filings to assess actual performance, liquidity, debt, and cash flow, which are not provided in this Form 8-K.