Business Context and Reporting Period
This Form 6-K filing by ZK International Group Co., Ltd. (ZK International) covers the month of June 2024. The report discloses a material change in the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding the change in auditors and does not contain financial performance data.
Material Changes
- Termination of Previous Auditor: On June 4, 2024, ZK International terminated ZH CPA, LLC as its independent registered public accounting firm. The decision was approved by the Audit Committee and Board of Directors.
- Appointment of New Auditor: Fortune CPA, Inc. was appointed as the new independent registered public accounting firm, effective June 2, 2024.
- Absence of Disagreements: The Company reported no disagreements with ZH CPA regarding accounting principles, financial statement disclosure, or auditing scope during the two most recent fiscal years or subsequent interim periods. No "reportable events" occurred.
- Consultation with New Auditor: The Company confirmed no consultations with Fortune CPA regarding accounting principles or reportable events prior to their engagement.
Guidance, Outlook, and Risks
Outlook: The Company expressed confidence in filing its Annual Report on Form 20-F for the fiscal year ended September 30, 2023, on or before August 13, 2024.
Cooperation: ZH CPA has confirmed it will cooperate with Fortune CPA regarding the upcoming Annual Report.
Risks and Contingencies: The filing does not disclose specific financial risks or contingencies beyond the standard disclosure of the auditor change.
Key Facts for Investor Verification
- Verify the reasons for the auditor change, as the filing states no disagreements or reportable events occurred.
- Confirm the timely filing of the Form 20-F for the fiscal year ended September 30, 2023, by the August 13, 2024 deadline.
- Review the letter from ZH CPA, LLC (Exhibit 16.1) to ensure it aligns with the Company's statements regarding the termination.
- Monitor future filings for any financial data that may have been delayed due to the auditor transition.