Business Context and Reporting Period
This Form 6-K filing by AGM Group Holdings, Inc. covers the month of March 2024. The report discloses a material change in the Company's certifying accountant, effective March 13, 2024, with the filing date of March 27, 2024.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the change of the independent registered public accounting firm and does not contain financial statement data.
Material Changes
- Resignation of Previous Auditor: KCCW Accountancy Corp. notified the Company of its decision to resign as the independent registered public accounting firm on March 13, 2024.
- Audit History: The report for the fiscal year ended December 31, 2022, issued by KCCW Accountancy Corp., did not contain an adverse opinion, disclaimer, or qualification regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with KCCW Accountancy Corp. regarding accounting principles, practices, or auditing scope during the fiscal year ended December 31, 2023, or through the date of dismissal.
- Appointment of New Auditor: The Audit Committee and Board of Directors approved and ratified the appointment of HTL International, LLC as the new independent registered public accounting firm.
Guidance, Outlook, and Risks
The filing does not provide guidance, outlook, or management commentary on future operations. The primary risk disclosed is the transition of the external audit function. The Company confirmed that no "reportable events" occurred prior to the engagement of the new auditor, and no consultations were held with HTL International, LLC regarding accounting principles or audit opinions prior to their engagement.
Key Facts for Investor Verification
- Verify the letter from KCCW Accountancy Corp. (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the resignation.
- Confirm the effective date of the new audit engagement with HTL International, LLC.
- Monitor future filings for the first financial statements audited by the new firm to ensure continuity in reporting standards.
- Note that this filing contains no financial performance data; investors should refer to the most recent Form 20-F for financial metrics.