Business Context and Reporting Period
This Form 6-K filing by AGM Group Holdings, Inc. covers the month of March 2019, with the report signed on March 29, 2019. The filing primarily addresses a change in the Company's independent registered public accounting firm.
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 audit matters rather than a financial results announcement.
Material Changes
- Dismissal of Previous Auditor: On March 20, 2019, the Company dismissed MaloneBailey, LLP as its independent registered public accounting firm.
- Audit History: MaloneBailey's reports for fiscal years ended December 31, 2017, and 2016 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with MaloneBailey on accounting principles, practices, or auditing scope during the most recent fiscal year or through the date of dismissal. No "reportable events" occurred.
- Appointment of New Auditor: On March 28, 2019, the Audit Committee and Board of Directors ratified the appointment of JLKZ CPA LLP as the new independent registered public accounting firm.
- Consultations: The Company did not consult JLKZ regarding accounting principles or audit opinions prior to their engagement.
Guidance, Outlook, and Risks
The filing does not contain management commentary on business outlook, financial guidance, or specific operational risks. The primary contingency noted is the transition of audit responsibilities, which was approved by the Audit Committee and Board of Directors. The Company has requested a letter from MaloneBailey confirming their agreement with the statements regarding the dismissal, which is attached as Exhibit 16.1.
Key Facts for Investor Verification
- Verify the content of the letter from MaloneBailey, LLP (Exhibit 16.1) to confirm their stance on the dismissal.
- Confirm the engagement terms and scope of the new auditor, JLKZ CPA LLP.
- Review subsequent filings (e.g., Form 20-F) for the first financial statements audited by JLKZ CPA LLP.
- Monitor for any future disclosures regarding disagreements or reportable events that may have arisen post-dismissal.