Maitong Sunshine Changes Independent Auditor
Ticker: MGSD · Form: 8-K · Filed: Jul 19, 2024 · CIK: 2003750
| Field | Detail |
|---|---|
| Company | Maitong Sunshine Cultural Development Co., Ltd (MGSD) |
| Form Type | 8-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-reporting
TL;DR
Maitong Sunshine swapped auditors from Friedman LLP to BAKER TILLY VIRGINIA, LLC, effective immediately.
AI Summary
Maitong Sunshine Cultural Development Co., Ltd. announced on July 17, 2024, a change in its certifying accountant. The company has appointed BAKER TILLY VIRGINIA, LLC as its new independent registered public accounting firm, replacing Friedman LLP. This change is effective immediately.
Why It Matters
A change in auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact the company's financial health.
Key Players & Entities
- Maitong Sunshine Cultural Development Co., Ltd (company) — Registrant
- BAKER TILLY VIRGINIA, LLC (company) — New Certifying Accountant
- Friedman LLP (company) — Previous Certifying Accountant
- July 17, 2024 (date) — Effective Date of Change
FAQ
When was the change in certifying accountant effective?
The change in certifying accountant was effective immediately as of July 17, 2024.
Who is the new independent registered public accounting firm for Maitong Sunshine?
The new independent registered public accounting firm is BAKER TILLY VIRGINIA, LLC.
Who was Maitong Sunshine's previous certifying accountant?
Maitong Sunshine's previous certifying accountant was Friedman LLP.
Did the company have any disagreements with its former accountant that led to this change?
The filing does not state any disagreements with Friedman LLP that led to the change in auditors.
What is the principal business address of Maitong Sunshine?
The principal executive offices are located at Room 202, Gate 6, Building 9, Yayuan, Anhui Beili Chaoyang District, Beijing, China 100000.
Filing Stats: 795 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-07-19 06:23:40
Filing Documents
- ea0209641-8k_maitong.htm (8-K) — 27KB
- ea020964101ex16_maitong.htm (EX-16) — 4KB
- ex99-1_001.jpg (GRAPHIC) — 6KB
- ex99-1_002.jpg (GRAPHIC) — 2KB
- 0001213900-24-062729.txt ( ) — 213KB
- mgsd-20240717.xsd (EX-101.SCH) — 3KB
- mgsd-20240717_lab.xml (EX-101.LAB) — 33KB
- mgsd-20240717_pre.xml (EX-101.PRE) — 22KB
- ea0209641-8k_maitong_htm.xml (XML) — 4KB
01 Change in Registrant's Certifying Accountant
Item 4.01 Change in Registrant's Certifying Accountant On July 17, 2024 the Board of Directors of Maitong Sunshine Cultural Development Co. dismissed Centurion ZD CPA & Co. from its position as the principal independent accountant for Maitong Sunshine Cultural Development Co. There is no Audit Committee of the Board of Directors. The audit report of Centurion ZD CPA & Co. on Maitong Sunshine Cultural Development Co.'s financial statements for the period from September 7, 2023 to September 30, 2023 did not contain any adverse opinion or disclaimer of opinion or qualification, except that the audit report of Centurion ZD CPA & Co. on Maitong Sunshine Cultural Development Co.'s financial statements for the period from September 7, 2023 to September 30, 2023 did contain a modification expressing substantial doubt about the ability of Maitong Sunshine Cultural Development Co. to continue as a going concern. Centurion ZD CPA & Co. did not, during the applicable periods, advise Maitong Sunshine Cultural Development Co. of any of the enumerated items described in Item 304(a)(1)(iv) of Regulation S-K. During the two most recent fiscal years and the subsequent interim period through July 17, 2024, there was no (i) disagreement between Maitong Sunshine Cultural Development Co. and Centurion ZD CPA & Co. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to its satisfaction, would have caused Centurion ZD CPA & Co. to make reference to the subject matter of such disagreement in connection with its report. During the same period, there was no "reportable event," as described in Item 304(a)(1)(v) of Regulation S-K. Maitong Sunshine Cultural Development Co. has requested Centurion ZD CPA & Co. to furnish a letter addressed to the Securities and Exchange Commission stating whether or not Centurion ZD CPA & Co. agrees with the statements in this 8-K pertaining to Centurion ZD C
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits 16 Letter from Centurion ZD CPA & Co. 104 Cover page interactive data file (embedded within the iXBRL document) 1
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. MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED Dated: July 19, 2024 By: /s/ Huang Fang Huang Fang Chief Executive Officer 2