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MKDWELL Tech Inc. Reports Auditor Change: SEC Form 6-K Insights

$MKDWW
Form 6-K
Filed on: 2024-12-06
Source
MKDWELL Tech Inc. Reports Auditor Change: SEC Form 6-K Insights

Key Information Extracted from the Financial Report

  1. Company Identification
  • Name: MKDWELL Tech Inc.
  • Commission File Number: 001-42197
  • Address: 1F, No. 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City 300, Taiwan
  1. Report Type
  • Form 6-K: This is a report of a foreign private issuer filed with the SEC under the Securities Exchange Act of 1934.
  1. Effective Date of Changes
  • The change of independent registered public accounting firm became effective on December 2, 2024.
  1. Change of Auditor
  • The client-auditor relationship with Marcum Asia CPAs LLP has ceased.
  • The Company is in the process of appointing a new registered accounting firm.
  1. Audit Reports
  • Audit reports by Marcum Asia dated May 2, 2024 included explanatory paragraphs regarding the Company's ability to continue as a going concern.
  • No adverse opinions or modifications were noted regarding the audits for the fiscal years ended December 31, 2022, and 2023.
  1. Disagreements and Reportable Events
  • No disagreements in accounting principles or practices were reported between the Company and Marcum Asia.
  • No reportable events occurred during the relevant periods.
  1. Disclosure and Agreement with Former Auditor
  • The Company has provided Marcum Asia with a copy of the disclosures made in this report and requested a letter confirming agreement with the statements. As of the report's date, no such letter has been received.
  1. Future Compliance
  • The Company intends to use this Form 6-K to satisfy reporting obligations under Item 16F(a) of its Form 20-F for the year ending December 31, 2024.
  1. Signature
  • Signed by: Ming-Chia Huang, Chief Executive Officer and Director.
  • Date of Signature: December 6, 2024.

Insights

  • The change in auditor may indicate strategic shifts within the company or potential issues that prompted a reassessment of its auditing firm.
  • The mention of going concern in the audit reports suggests that MKDWELL Tech Inc. has been under scrutiny regarding its financial stability.
  • The absence of disagreements with the previous auditor is a positive sign, indicating a smooth working relationship prior to the change.
  • The company's proactive approach in ensuring compliance with SEC regulations demonstrates a commitment to transparency and accountability in its financial reporting.