Business Context and Reporting Period
This Form 6-K is filed by Moxian (BVI) Inc. (also referred to as Abits Group Inc.) for the month of July 2022, with a filing date of July 8, 2022. The registrant is a foreign private issuer headquartered in Beijing, China, and files annual reports under Form 20-F.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and auditor changes rather than financial performance data.
Material Changes
- Auditor Resignation: Centurion ZD & Co. resigned as the independent registered public accounting firm effective June 30, 2022.
- New Auditor Appointment: Audit Alliance LLP, headquartered in Singapore, was appointed as the new independent registered public accounting firm for the fiscal year ending December 31, 2022, effective June 30, 2022.
- Regulatory Compliance: The new auditor, Audit Alliance, will be subject to inspections by the Public Company Accounting Oversight Board (PCAOB) of the United States.
Management Commentary and Risks
Management confirmed that the appointment of Audit Alliance was approved by the Audit Committee and the Board of Directors following careful evaluation. The filing explicitly states that during the two most recent fiscal years and the interim period prior to the change, there were no disagreements between the registrant and the former auditor (Centurion) regarding accounting principles, financial statement disclosure, or auditing scope. Furthermore, no "reportable events" occurred during these periods, and the former auditor's reports did not contain adverse opinions, disclaimers, or qualifications.
Investor Verification Checklist
- Verify the transition timeline and handover status between Centurion ZD & Co. and Audit Alliance LLP.
- Confirm that Audit Alliance LLP is registered with and subject to inspection by the PCAOB.
- Review the attached press release (Exhibit 99.1) for additional context on the auditor change.
- Monitor future filings for the first financial statements audited by the new firm.