Business Context and Reporting Period
This Form 6-K filing by Marti Technologies, Inc. covers the month of June 2024, with a specific reporting date of June 24, 2024. The document details a material change in the Company's certifying accountant.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and audit firm transitions rather than financial performance data.
Material Changes
- Dismissal of Previous Auditor: On June 12, 2024, the Company notified KPMG Bağımsız Denetim ve SMMM A.Ş. of its decision to dismiss them as the independent registered public accounting firm. This decision was approved by the Board of Directors and Audit Committee.
- Appointment of New Auditor: On June 24, 2024, the Board and Audit Committee approved the appointment of Grant Thornton Audit and Accounting Limited (Dubai Branch) as the new independent registered public accounting firm, effective immediately.
- Audit History: KPMG's reports for fiscal years ended December 31, 2023, and 2022, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with KPMG on accounting principles, practices, or audit scope during the most recent fiscal years or through June 24, 2024.
Management Commentary, Risks, and Contingencies
- Internal Control Weaknesses: Management identified material weaknesses in the design and operation of internal control over financial reporting during the preparation of financial statements for the years ended December 31, 2023, and 2022. This was noted as the only "reportable event" under Item 16F(a)(1)(v) of Form 20-F.
- Consultation with New Auditor: The Company confirmed that neither it nor anyone on its behalf consulted Grant Thornton regarding accounting principles, audit opinions, or matters subject to disagreement prior to their engagement.
Investor Verification Checklist
- Verify the status of remediation efforts regarding the material weaknesses in internal controls over financial reporting identified for 2022 and 2023.
- Confirm the transition timeline and scope of work for the new auditor, Grant Thornton.
- Review the attached letter from KPMG (Exhibit 16.1) to ensure no undisclosed disagreements exist.
- Monitor upcoming filings for the first financial statements audited by Grant Thornton to assess continuity in reporting standards.