Huadi International Group Co., Ltd. — Form 6-K Summary
Business context and reporting period
The filing is a Form 6-K for the month of November 2021, filed on November 26, 2021. Huadi International Group Co., Ltd. is a foreign private issuer that files annual reports on Form 20-F. The filing concerns a change in the Company’s independent registered public accounting firm and does not provide operating or financial results for the period.
Key financial metrics
The filing does not provide current-period revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material changes versus the prior comparable period
- On November 20, 2021, the Company terminated Briggs & Veselka Co. as its independent registered public accounting firm.
- On the same date, the Audit Committee and Board of Directors approved and ratified the appointment of TPS Thayer, LLC to audit and review the Company’s financial statements.
- Briggs’ reports on the Company’s fiscal years ended September 30, 2020 and September 30, 2019 did not contain an adverse opinion or disclaimer and were not qualified or modified for uncertainty, audit scope, or accounting principles.
- The Company reported no disagreements with Briggs regarding accounting principles, financial statement disclosure, or audit scope or procedures, and no reportable events, during the relevant period through November 20, 2021.
Guidance, outlook, risks, contingencies, and unusual items
The filing contains no financial guidance, business outlook, material contingencies, or operating risk discussion. The auditor transition is the principal unusual item disclosed. The Company stated that it had not consulted TPS on specified accounting matters, potential audit opinions, disagreements, or reportable events before engaging TPS.
Important facts for investors to verify
- Review Exhibit 16.1, the letter from Briggs & Veselka Co. dated November 26, 2021.
- Confirm the effective dates and scope of TPS Thayer, LLC’s engagement.
- Review subsequent Form 20-F and other filings for the results of the new auditor’s audit and any changes in accounting conclusions or internal controls.
- Verify whether later filings disclose any disagreement, reportable event, qualification, or other issue related to the auditor transition.