Business Context and Reporting Period
This Form 6-K filing by ZK International Group Co., Ltd. covers the month of July 2018, with the report dated July 25, 2018. The filing primarily addresses a change in the registrant's certifying accountant.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance and does not contain financial statement data.
Material Changes
The material change disclosed is the name change of the Company's independent registered accountants. On July 20, 2018, the Company was informed that ZH CPA LLP changed its name to ZH CPA LLC, effective July 22, 2018. The audit partner and staff remain the same as those who performed audits for the fiscal years ended September 30, 2017, and 2016.
Outlook, Risks, and Management Commentary
- Audit History: The reports issued by the former firm (ZH CPA LLP) for the years ended September 30, 2017, and 2016 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with the accountant regarding accounting principles, practices, financial statement disclosure, or auditing scope during the recent fiscal years.
- Consultations: The Company did not consult the accountant regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered.
- Exhibits: A letter from ZH CPA LLP (now ZH CPA LLC) dated July 25, 2018, confirming agreement with the disclosures, is filed as Exhibit 16.1.
Key Facts for Investor Verification
- Verify the continuity of the audit team despite the firm's name change from ZH CPA LLP to ZH CPA LLC.
- Confirm that no reportable events or disagreements occurred with the auditor during the 2016 and 2017 fiscal years.
- Note that this filing contains no financial performance data; investors should refer to the most recent Form 20-F for financial metrics.