Scienjoy Holding Corporation — Form 6-K Summary
Business Context and Reporting Period
Scienjoy Holding Corporation, a foreign private issuer based in Beijing, furnished this Form 6-K for April 2022. The report is dated April 19, 2022 and concerns the Company’s independent auditor for the fiscal year ended December 31, 2021.
Auditor Change and Financial Information
- Friedman LLP was dismissed as the Company’s former auditor effective April 19, 2022.
- OneStop Assurance PAC was appointed as successor auditor effective April 19, 2022, including for the fiscal year ended December 31, 2021.
- The change was approved by the audit committee and board of directors.
- The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating financial metrics.
Material Changes and Auditor Matters
- Friedman LLP’s audit reports for the years ended December 31, 2020 and 2019 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 Friedman LLP regarding accounting principles or practices, financial statement disclosure, or audit scope or procedures.
- The Company reported that no specified reportable events occurred during the two fiscal years ended December 31, 2020 and 2019 or through the dismissal date.
- Before OneStop Assurance PAC’s appointment, neither the Company nor anyone acting on its behalf had consulted the successor auditor regarding accounting principles for specified transactions, the potential audit opinion, disagreements, or reportable events.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no financial guidance or operating outlook. Its principal unusual item is the change in independent auditors. The filing states that a letter from Friedman LLP addressing the Company’s disclosures is furnished as Exhibit 16.1. The Company intends to use the Form 6-K and exhibit to satisfy applicable Form 20-F Item 16F reporting requirements for the year ended December 31, 2021.
Investor Verification Points
- Review Exhibit 16.1 for Friedman LLP’s response and confirmation of the Company’s statements.
- Confirm OneStop Assurance PAC’s audit status and the auditor’s report included with the Company’s 2021 Form 20-F.
- Review the 2021 Form 20-F for the Company’s actual financial performance, liquidity, debt, cash flow, and any subsequent audit findings.
- Determine whether any later filing identifies changes in the auditor relationship, internal controls, accounting policies, or reportable events.