Gulf Resources Changes Certifying Accountant
Ticker: GURE · Form: 8-K · Filed: Apr 16, 2024 · CIK: 885462
| Field | Detail |
|---|---|
| Company | Gulf Resources, Inc. (GURE) |
| Form Type | 8-K |
| Filed Date | Apr 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0005 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Gulf Resources dumped its auditor Z&Y CPAs, no replacement yet.
AI Summary
Gulf Resources, Inc. announced on April 16, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, Z&Y Certified Public Accountants, LLP, effective April 16, 2024. The company has not yet appointed a new independent registered public accounting firm.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — A change in auditor, especially without an immediate replacement, can introduce uncertainty regarding financial reporting and audits.
Key Players & Entities
- Gulf Resources, Inc. (company) — Registrant
- Z&Y Certified Public Accountants, LLP (company) — Former Certifying Accountant
- April 16, 2024 (date) — Date of dismissal
FAQ
Why did Gulf Resources, Inc. dismiss Z&Y Certified Public Accountants, LLP?
The filing states that the dismissal was a decision by the company, but does not provide specific reasons for the dismissal.
When was the dismissal of Z&Y Certified Public Accountants, LLP effective?
The dismissal was effective as of April 16, 2024.
Has Gulf Resources, Inc. appointed a new independent registered public accounting firm?
No, as of the filing date, Gulf Resources, Inc. has not yet appointed a new independent registered public accounting firm.
Did Z&Y Certified Public Accountants, LLP resign or was it dismissed?
The filing indicates that the company dismissed Z&Y Certified Public Accountants, LLP.
What is the address of Gulf Resources, Inc.'s principal executive offices?
The address is Level 11, Vegetable Building, Industrial Park of the East City, Shouguang City, Shandong, China 262700.
Filing Stats: 859 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2024-04-16 16:00:22
Key Financial Figures
- $0.0005 — nge on which registered Common Stock, $0.0005 par value GURE NASDAQ Global Select
Filing Documents
- e663522_8k-gulf.htm (8-K) — 26KB
- e663522_ex16-1.htm (EX-16.1) — 2KB
- image.jpg (GRAPHIC) — 17KB
- image2.jpg (GRAPHIC) — 2KB
- image3.jpg (GRAPHIC) — 13KB
- 0001193805-24-000539.txt ( ) — 242KB
- gure-20240416.xsd (EX-101.SCH) — 3KB
- gure-20240416_lab.xml (EX-101.LAB) — 33KB
- gure-20240416_pre.xml (EX-101.PRE) — 22KB
- e663522_8k-gulf_htm.xml (XML) — 4KB
01 Changes in Registrant's
Item 4.01 Changes in Registrant's Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm. On April 16, 2024, Gulf Resources, Inc. (the "Company") dismissed its principal independent accountant, WWC, P.C. Certified Public Accountants ("WWC") from its engagement with the Company, which dismissal was effective on April 16, 2024. The decision to dismiss WWC as the Company's principal independent accountant was approved by the Audit Committee of the Board of Directors of the Company on April 16, 2024. WWC's reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2022 and 2021 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the two most recent fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through April 16, 2024, there were no disagreements with WWC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of WWC, would have caused WWC to make reference to the subject matter of the disagreements in connection with its reports on the Company's consolidated financial statements for such years. Also during this time, there were no "reportable events," as defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided WWC with a copy of the above disclosures and requested that WWC furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made above. A copy of WWC's letter dated April 16, 2024 is attached as Exhibit 16.1 to this Current Report on Form 8-K. (b) Appointment of New Independent Registered Public Accounting Firm. On April 16, 2024, the Company engaged GGF CPA LIMITED ("GGF") to serve as the Company's principal independent accountant, effect
01. Financial
Item 9.01. Financial Exhibit No. Description 16.1 Letter from WWC P.C. Certified Public Accountants regarding the change in the Registrant's certifying accountant, dated April 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GULF RESOURCES, INC. By: /s/ Min Li Name: Min Li Title: Chief Financial Officer Dated: April 16, 2024