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Orangekloud Technology Inc. December 2024 Financial Report: Auditor Transition Insights

$ORKT
Form 6-K
Filed on: 2024-12-31
Source
Orangekloud Technology Inc. December 2024 Financial Report: Auditor Transition Insights

Here are the key insights and important information extracted from the financial report of Orangekloud Technology Inc. (Form 6-K):

  1. Registrant Information:
  • Company Name: Orangekloud Technology Inc.
  • Address: 1 Yishun Industrial Street 1, #04-27/28&34 Aposh Building Bizhub, Singapore, 768160.
  • Contact: +65 6317 2050.
  1. Report Filing Details:
  • Filing Date: December 31, 2024.
  • Commission File Number: 333-277162.
  • Reporting Period: For the month of December 2024.
  1. Change in Certifying Accountant:
  • Dismissal of Previous Auditor: Simon & Edward LLP was dismissed on December 30, 2024, following approval by the audit committee on November 22, 2024.
  • Engagement Period: Simon & Edward LLP served from February 26, 2023, to December 30, 2024, issuing reports on financial statements for fiscal years 2021, 2022, and 2023.
  • No Disagreements: There were no disagreements with Simon & Edward on matters of accounting principles or practices during their engagement.
  1. New Auditor Engagement:
  • New Auditor: Enrome LLP was approved and engaged on December 30, 2024, to serve as the independent registered public accounting firm.
  • Scope of Engagement: Enrome will conduct audits for the fiscal year ending December 31, 2024, and subsequent years, as well as semi-annual financial statement reviews.
  1. Regulatory Compliance:
  • The company confirmed there were no "reportable events" as defined in Item 304(a)(1)(v) during the two most recent fiscal years leading up to Simon & Edward's dismissal.
  • Enrome LLP was not consulted regarding any events that would require reporting as per Item 304(a)(2)(i) and (ii).
  1. Exhibits:
  • Exhibit No. 16.1: Letter from Simon & Edward LLP regarding the notice of change of auditors.

This report reflects a significant transition in the company's auditing process, with the dismissal of one auditor and the engagement of another, while maintaining compliance with SEC regulations. The lack of disagreements with the outgoing auditor is a positive indicator for stakeholders regarding the company's financial practices during the auditor's tenure.