Business Context and Reporting Period
This Form 6-K filing by Brera Holdings PLC covers the month of September 2024. The report primarily addresses a change in the registrant's certifying accountant, effective September 19, 2024.
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 auditor transition details.
Material Changes
- Dismissal of Auditor: The Audit Committee dismissed TAAD LLP as the independent registered public accounting firm effective September 19, 2024.
- Engagement of New Auditor: Reliant CPA PC was appointed as the new independent registered public accounting firm on September 19, 2024.
- Audit History: TAAD's audit reports for fiscal years ended December 31, 2023, and 2022, included an explanatory paragraph regarding "going concern" but contained no adverse opinions, disclaimers, or qualifications.
Guidance, Risks, and Management Commentary
Disagreements and Reportable Events: The Company states there were no disagreements with TAAD regarding accounting principles, practices, financial statement disclosure, or auditing scope during the 2022 and 2023 fiscal years or the interim period through the report date. No reportable events occurred under Item 304(a)(1)(v) of Regulation S-K.
Consultations: The Company confirms it did not consult with the new auditor, Reliant CPA PC, regarding any matters described in Item 304 of Regulation S-K prior to their engagement.
Risks: The presence of a "going concern" explanatory paragraph in prior audit reports indicates historical liquidity or solvency concerns, though the filing does not detail current operational risks.
Investor Verification Checklist
- Verify the status of the "going concern" qualification noted in the 2022 and 2023 audit reports.
- Confirm the reasons for the dismissal of TAAD LLP and the selection of Reliant CPA PC.
- Review the letter from TAAD LLP (Exhibit 16.1) to ensure they agree with the Company's statements regarding the dismissal.
- Assess the Company's current liquidity position given the historical going concern warnings.