other material
confidence high
sentiment negative
materiality 0.60
Cosmos Group Holdings dismisses KCCW as auditor, hires J&S Associates for FY2021
Cosmos Group Holdings Inc.
- Board dismissed KCCW as auditor effective Aug 2, 2021; engaged J&S Associates for FY2021 audit.
- KCCW's FY2020 audit report included going concern qualification due to no revenues and operating losses.
- No disagreements with KCCW on accounting principles or audit scope during its engagement.
- Prior auditor HKCM resigned June 2020 with similar going concern opinion; no disagreements.
- Company has no revenues since inception and has incurred operating losses.