Business Context and Reporting Period
This Form 8-K is a current report filed by Slinger Bag Inc. (a Nevada corporation) on February 17, 2022. The filing discloses a change in the company's independent registered public accounting firm. The company is classified as an emerging growth company.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Accountant Change: The Board of Directors approved the engagement of WithumSmith + Brown, PC as the new independent registered public accounting firm for the fiscal year ending April 30, 2022, effective immediately.
- Dismissal: Mac Accounting Group, LLP was dismissed as the independent registered public accounting firm.
- Audit History: Reports issued by Mac Accounting Group for the fiscal years ended April 30, 2021, and 2020 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with the former accountant on accounting principles, practices, or auditing scope during the two most recent fiscal years or the subsequent interim period.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies were disclosed in this report other than the standard disclosure regarding the change in auditors. The company confirmed it has not consulted with the new auditor (Withum) regarding accounting principles or audit opinions for the two most recent fiscal years.
Investor Verification Checklist
- Verify the reasons for the change in auditors by reviewing the letter from Mac Accounting Group, LLP (Exhibit 16.1).
- Confirm the company's financial status in the most recent 10-K or 10-Q filings, as this 8-K does not contain financial statements.
- Monitor future filings to ensure the new auditor, WithumSmith + Brown, PC, issues an unqualified opinion on the fiscal year ending April 30, 2022.
- Note the discrepancy between the request metadata ("AIRWA INC.") and the filing content ("Slinger Bag Inc."); verify the correct entity name for investment purposes.