4/5Hongchang International Co., Ltd (HCIL): Auditor change

Market data

n/a: no price data available for HCIL.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-30 to 2025-05-30. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"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) Newly Appointed independent registered public accounting firm: On April 24, 2025, the Board have approved the engagement of Enrome as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements as of and for the fiscal..."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: resigned
Disagreements reported: no
Former auditor: WWC, P.C. · New auditor: Enrome LLP

Why this score: auditor resigned