Filing Overview
DoubleDown Interactive Co., Ltd. filed a Form 6-K for February 2023, dated February 21, 2023. The filing reports a change in the company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
Business Context and Reporting Period
The company is a foreign private issuer that files annual reports on Form 20-F. The filing concerns the appointment and dismissal of auditors for the 2023 fiscal year and does not present quarterly or annual operating results.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating or financial metrics.
Material Changes
- On February 14, 2023, the company appointed Samil PricewaterhouseCoopers (PwC) as its independent registered public accounting firm for the fiscal year ending December 31, 2023.
- The appointment followed the designation of PwC as the external auditor of DoubleU Games Co., Ltd., the company’s controlling shareholder, under Korean external-audit regulations.
- The company dismissed Ernst & Young LLP (EY) as its auditor for 2023. The termination becomes effective after EY completes its audit of the company’s financial statements for the year ended December 31, 2022, and the company files its 2022 Form 20-F.
Management Commentary, Risks, and Unusual Items
- Management stated that using the same auditor as its controlling shareholder was considered in the company’s best interest.
- The company reported no disagreements with EY during the two fiscal years ended December 31, 2022, regarding accounting principles, financial statement disclosure, or audit scope and procedures.
- The company also reported no reportable events during that period.
- EY’s reports on the company’s 2021 and 2020 consolidated financial statements contained no adverse opinion, disclaimer, qualification, or modification related to uncertainty, audit scope, or accounting principles.
- The filing does not provide earnings guidance, an operating outlook, or material financial contingencies.
Key Facts to Verify
- Verify the effective completion date of EY’s 2022 audit and the filing date of the 2022 Form 20-F.
- Review PwC’s 2023 audit appointment and any subsequent auditor-related disclosures.
- Review Exhibit 16.1 for EY’s letter confirming whether it agrees with the company’s statements.
- Review the company’s 2022 Form 20-F for financial performance, liquidity, debt, risks, and any matters not addressed in this Form 6-K.