Business Context and Reporting Period
This Form 8-K is a current report filed by Houston American Energy Corp. (not Abundia Global Impact Group, Inc.) on August 3, 2018. The filing addresses a change in the company's independent registered public accountants.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Accountant Change: The Company engaged Marcum LLP as its new independent registered public accountants effective August 3, 2018.
- Resignation: The prior accountant, GBH CPAs, PC, resigned effective July 1, 2018, due to combining its practice with Marcum.
- Audit Committee Approval: The engagement of Marcum LLP was approved by the Audit Committee of the Board of Directors.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on business operations. Regarding risks and contingencies related to the audit change:
- No Adverse Opinions: GBH CPAs' reports for fiscal years ended December 31, 2017, and 2016 contained no adverse opinions, disclaimers, or qualifications.
- No Disagreements: There were no disagreements with GBH CPAs on accounting principles, practices, or auditing scope during the relevant periods.
- No Prior Consultation: The Company did not consult with Marcum LLP regarding accounting principles or audit opinions prior to the engagement.
Investor Verification Checklist
- Verify the identity of the registrant as Houston American Energy Corp. (File No. 1-32955), noting the discrepancy with the provided metadata name.
- Confirm the effective date of the new auditor (Marcum LLP) is August 3, 2018.
- Review the attached Exhibit 16.1 (Letter from GBH CPAs) to confirm the former auditor agrees with the Company's disclosures regarding the change.
- Check subsequent filings for the first financial statements audited by Marcum LLP to ensure continuity in reporting standards.