Item 4.01 Changes in Company's Certifying Accountant.
(a) Previous independent registered public accounting firm:
On May 4, 2022, the Audit Committee (the "Audit Committee") of the Board of
Directors of Takung Art Co., Ltd. (the "Company") dismissed WWC, P.C. ("WWC") as
the Company's independent registered public accounting firm, effective May 4,
2022.
For the fiscal year ended December 31, 2021, WWC's audit reports on the
Company's financial statements contained an emphasis of a matter for going
concern, but otherwise did not contain any adverse opinion or disclaimer of
opinion, nor was it qualified as to audit scope or accounting principles.
During the fiscal year ended December 31, 2021 and any subsequent interim period
through the date of dismissal, May 4, 2022, (i) there were no "disagreements"
(as described in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions) between the Company and WWC on any matter of accounting principles
or practices, financial statement disclosure or auditing scope or procedures,
which disagreements, if not resolved to WWC's satisfaction, would have caused
WWC to make reference in connection with WWC's opinion to the subject matter of
the disagreement; and (ii) except for the matter relating to internal control
over financial reporting described below, there were no "reportable events" as
the term is described in Item 304(a)(1)(v) of Regulation S-K.
We furnished a copy of the disclosures in this report to WWC and have requested
that WWC furnish us with a letter addressed to the SEC stating whether such firm
agrees with the above statements or, if not, stating the respects in which it
does not agree. We have received the requested letter from WWC, and a copy of
the letter is filed with this Current Report on Form 8-K as Exhibit 16.1.
(b) New independent registered public accounting firm:
On May 4, 2022, the Audit Committee approved the appointment of Assentsure PAC
("Assentsure") as the Company's independent registered public accounting firm to
audit the Company's consolidated financial statements as of and for the fiscal
year ending December 31, 2022, effective May 4, 2022.
During the two most recent fiscal years and through May 4, 2022, the Company has
not consulted with Assentsure regarding (1) any matter that was the subject of a
disagreement or a reportable event described in Items 304(a)(1)(iv) or (v),
respectively, or (2) any matter that was the subject of a disagreement or a
reportable event described in Items 304(a)(1)(iv) or (v), respectively, of
Regulation S-K.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits
16.1 Letter from WWC, P.C. to the Securities and Exchange Commission
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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