Business Context and Reporting Period
SunCar Technology Group Inc., a Cayman Islands exempted company and foreign private issuer, filed this Form 6-K for June 2023. The filing reports a change in the company’s independent registered public accounting firm.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating or financial metrics.
Material Changes
- On June 7, 2023, the company dismissed Marcum Asia CPAs LLP, with Audit Committee approval.
- On June 8, 2023, the company appointed Enrome LLP, with Audit Committee approval, to audit the consolidated financial statements for the fiscal year ended December 31, 2022.
- Marcum’s reports on the company’s financial statements for the years ended December 31, 2021 and 2020 contained no adverse opinion, disclaimer, qualification, or modification.
Management Commentary, Risks, and Unusual Items
The company stated that during the two most recent fiscal years and the subsequent period through the termination date, there were no disagreements with Marcum regarding accounting principles, financial statement disclosures, or audit scope and procedures. The company also reported no reportable events under applicable SEC rules.
The company stated that it had not consulted with Enrome during the two most recent fiscal years or the subsequent interim period regarding accounting principles, audit opinions, disagreements, or reportable events.
The auditor transition is a matter investors should monitor, although the filing reports no identified disagreement or reportable event. Marcum’s response letter regarding the change was filed as Exhibit 16.1.
Facts for Investor Verification
- Verify the scope and timing of Enrome’s audit of the year ended December 31, 2022.
- Review Exhibit 16.1 for Marcum’s letter concerning the auditor change.
- Confirm whether subsequent filings identify any audit adjustments, delays, qualifications, or additional auditor commentary.
- Consult the company’s financial statements and subsequent SEC filings for financial metrics not included in this Form 6-K.