SUIC Worldwide Holdings Ltd. Changes Auditors
Ticker: SUIC · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1394108
| Field | Detail |
|---|---|
| Company | Suic Worldwide Holdings Ltd. (SUIC) |
| Form Type | 8-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-reporting
TL;DR
SUIC Worldwide Holdings Ltd. just switched auditors to Citrin Cooperman & Company, LLP.
AI Summary
SUIC Worldwide Holdings Ltd. filed an 8-K on December 26, 2024, to report a change in its certifying accountant. The company has appointed Citrin Cooperman & Company, LLP as its new independent registered public accounting firm, effective December 26, 2024. This change follows the resignation of their previous auditor, M&T Certified Public Accountants, P.C.
Why It Matters
A change in auditors can signal potential issues with financial reporting or a desire for a fresh perspective on the company's financial health.
Risk Assessment
Risk Level: medium — A change in auditors, especially if the previous auditor resigned, can sometimes indicate underlying financial reporting concerns.
Key Players & Entities
- SUIC Worldwide Holdings Ltd. (company) — Filing company
- Citrin Cooperman & Company, LLP (company) — Newly appointed independent registered public accounting firm
- M&T Certified Public Accountants, P.C. (company) — Resigned independent registered public accounting firm
- December 26, 2024 (date) — Effective date of auditor change
FAQ
Who is SUIC Worldwide Holdings Ltd.'s new independent registered public accounting firm?
SUIC Worldwide Holdings Ltd. has appointed Citrin Cooperman & Company, LLP as its new independent registered public accounting firm.
When was the change in auditor effective?
The change in certifying accountant was effective as of December 26, 2024.
Who was SUIC Worldwide Holdings Ltd.'s previous auditor?
The previous independent registered public accounting firm for SUIC Worldwide Holdings Ltd. was M&T Certified Public Accountants, P.C.
Did the previous auditor resign?
Yes, the filing indicates that M&T Certified Public Accountants, P.C. resigned as the company's independent registered public accounting firm.
What is the company's state of incorporation?
SUIC Worldwide Holdings Ltd. is incorporated in Nevada.
Filing Stats: 806 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-12-26 16:01:10
Filing Documents
- suic1226form8k.htm (8-K) — 26KB
- suic1226form8kexh16_1.htm (EX-16.1) — 2KB
- 0001554795-24-000374.txt ( ) — 193KB
- suic-20241226.xsd (EX-101.SCH) — 3KB
- suic-20241226_lab.xml (EX-101.LAB) — 33KB
- suic-20241226_pre.xml (EX-101.PRE) — 22KB
- suic1226form8k_htm.xml (XML) — 3KB
01 Changes in Company's Certifying Accountant
Item 4.01 Changes in Company's Certifying Accountant . (1) Previous Independent Registered Public Accounting Firm (i) On December 23, 2024, SUIC Worldwide Holdings Ltd. (the "Company") dismissed its independent registered public accounting firm, James Pai CPA PLLC due to fulfill the term of audit services. (ii) James Pai CPA PLLC, did not issue any reports during the period from August 23, 2024 through December 22, 2024 (date of dismissal). (iii) The decision to change independent registered public accounting firm was approved by the Board of Directors of the Company. (iv) During the period from August 23, 2024 through December 22, 2024 (date of dismissal), (a) there were no disagreements with James Pai CPA PLLC 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 James Pai CPA PLLC would have caused it to make reference thereto in its reports on the financial statements for such years and (b) there were no "reportable events" as described in Item 304(a)(1)(v) of Regulation S-K. (v) On December 23, 2024 the Company provided James Pai CPA PLLC with a copy of this Current Report and has requested that it furnish the Company with a letter addressing to the U.S. Securities and Exchange Commission stating whether it agrees with the above statements. A copy of such letter is attached as Exhibit 16.1 to this Current Report on Form 8-K. (2) New Independent Registered Public Accounting Firm On December 23, 2024, concurrent with the dismissal of James Pai CPA PLLC, the Company, upon the board of directors' approval, engaged HHL LLP as its new independent registered public accounting firm to audit and review the Company's financial statements effective immediately. During the two most recent years ended December 31, 2022 and 2023, and any subsequent period through the date hereof prior to the engagement of James Pai CPA PLLC the Company,
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired: None (b) Pro-Forma Financial Statements: None (c) Exhibits: Exhibit No. Description 16.1 Letter of James Pai CPA PLLC dated December 23, 2024 to the U.S. Securities and Exchange Commission.
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. Date: December 26, 2024 SUIC Worldwide Holdings Ltd. By:/s/ Yanru Zhou Yanru Zhou Chief Financial Officer