VS Media Holdings Limited — Form 6-K Summary
Reporting period: Form 6-K furnished November 9, 2023, covering November 2023. The filing reports changes in the Company’s independent registered public accounting firm.
Business Context and Financial Information
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating and financial metrics. It relates solely to the change in independent registered public accounting firms.
Material Changes
- WWC, P.C. resigned as the Company’s independent registered public accounting firm effective November 7, 2023.
- The Board of Directors accepted WWC’s resignation on the same date.
- The audit committee approved the appointment of Assentsure PAC to audit the Company’s financial statements for the year ending December 31, 2023.
- WWC’s reports on the Company’s financial statements for the fiscal years ended December 31, 2022 and 2021 contained no adverse opinion or disclaimer and were not qualified or modified for uncertainty, audit scope, or accounting principles.
- The Company reported no disagreements with WWC regarding accounting principles, financial statement disclosure, or audit scope or procedures during the two preceding fiscal years and through November 7, 2023.
- The Company also reported no reportable events requiring disclosure under Item 16F(a)(1)(iv) of Form 20-F.
Guidance, Risks, and Unusual Items
No financial guidance, operating outlook, contingencies, or specific business risks are disclosed. The auditor transition is the principal unusual item. The Company stated that neither it nor anyone acting on its behalf consulted Assentsure during the relevant period regarding accounting principles, potential audit opinions, disagreements, or reportable events.
The filing includes Exhibit 99.1, WWC’s letter to the SEC regarding the Company’s disclosures.
Investor Verification Items
- Review Exhibit 99.1 to confirm WWC’s response to the Company’s auditor-change disclosures.
- Confirm the effective appointment and audit scope of Assentsure PAC for the year ending December 31, 2023.
- Monitor subsequent filings for any audit qualification, internal-control issue, accounting disagreement, or delay in filing the Company’s annual report.
- Note that this filing provides no updated financial results or liquidity information.