Business Context and Reporting Period
This Form 6-K filing by PainReform Ltd. (PRF Technologies Ltd.) covers the month of October 2021. The report primarily addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure regarding auditor resignation and replacement rather than a financial results report.
Material Changes
- Auditor Resignation: Brightman Almagor Zohar & Co. (a member of the Deloitte Global Network) ceased to be the independent accountant on October 21, 2021, by mutual agreement.
- Audit History: Deloitte audited the financial statements for fiscal years ended December 31, 2020, and 2019. Their reports contained no adverse opinions, disclaimers, or qualifications.
- No Disagreements: There were no disagreements between the Company and Deloitte regarding accounting principles, practices, disclosures, or audit scope during the two most recent fiscal years or the interim period through October 21, 2021.
- New Auditor: The Company plans to engage Kesselman & Kesselman (a member of PricewaterhouseCoopers International Limited) as the independent registered public accounting firm for the fiscal year ending December 31, 2021, subject to shareholder approval at the 2021 Annual General Meeting.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on business outlook, or specific risk factors beyond the standard disclosure of the auditor change. The transition to a new auditor is contingent upon shareholder approval.
Key Facts for Investor Verification
- Verify the shareholder approval status for the appointment of Kesselman & Kesselman at the 2021 Annual General Meeting.
- Review the letter from Deloitte filed as Exhibit 16.1 to confirm their agreement with the statements regarding the resignation.
- Monitor future filings for the first financial statements audited by the new accounting firm.