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Visionary Holdings Inc. Reports Significant Auditor Change in Form 6-K – January 2025 Insights

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Form 6-K
Filed on: 2025-01-03
Source
Visionary Holdings Inc. Reports Significant Auditor Change in Form 6-K – January 2025 Insights

Here are the key insights extracted from the financial report provided:

  1. Form Type and Filing Details:
  • The document is a Form 6-K, indicating a report of a foreign private issuer.
  • Filing Date: January 3, 2025.
  • Reporting for the month of January 2025.
  • Commission File Number: 001-41385.
  1. Company Information:
  • Name: Visionary Holdings Inc.
  • Address: 105 Moatfield Dr. Unit 1003, Toronto, Ontario, Canada M3B OA2.
  • Contact: 905-739-0593.
  1. Change in Certifying Accountant:
  • Dismissal of Previous Accountant:
    • Effective Date: December 6, 2024.
    • Previous Auditor: YCM CPA Inc. (engaged on March 4, 2024).
    • Board Approval Date for Dismissal: December 4, 2024.
    • No adverse opinions or disagreements reported during the engagement.
    • No reportable events occurred during the engagement period.
  • Engagement of New Accountant:
    • New Auditor: WWC, P.C.
    • Engagement Date: December 6, 2024, for the fiscal year ending March 31, 2025.
    • No prior consultations with WWC regarding accounting principles or audit opinions before their engagement.
  1. Exhibit Included:
  • A letter from YCM CPA Inc. dated December 16, 2024, regarding the change in independent registered public accounting firm is attached as Exhibit 16.1.
  1. Signatory Information:
  • The report is signed by Xiyong Hou, the Chief Executive Officer of Visionary Holdings Inc.

The report highlights a significant change in the company's independent auditors, which may have implications for future financial reporting and audit opinions. The lack of disagreements or adverse opinions from the previous auditor suggests a smooth transition to the new auditing firm.