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HWH International Inc. (NASDAQ:HWH) announced Wednesday that its Board of Directors has dismissed Grassi & Co., CPAs, P.C. as the company’s independent registered public accounting firm, following a recommendation from the Audit Committee. The decision was effective the same day.
According to a statement in the company’s SEC filing, Grassi & Co.’s audit reports on HWH International’s financial statements for the years ended December 31, 2024 and 2023 did not include any adverse opinions, disclaimers of opinion, or modifications regarding uncertainty, audit scope, or accounting principles. The company also reported that during the most recent fiscal year and up to the dismissal, there were no disagreements with Grassi & Co. on matters of accounting principles, financial statement disclosure, or auditing procedures. No reportable events, as defined under Item 304(a)(1)(v) of Regulation S-K, were noted.
HWH International stated that it has requested Grassi & Co. to provide a letter addressed to the U.S. Securities and Exchange Commission affirming its agreement or disagreement with the company’s statements. This letter has been filed as an exhibit to the current report.
On Wednesday, the company engaged HTL International, LLC as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. The engagement was recommended by the Audit Committee and approved by the Board of Directors.
The company clarified that during the two most recent fiscal years and through the date of engagement, it had not consulted with HTL International regarding the application of accounting principles to specific transactions or the type of audit opinion that might be rendered. There were also no consultations about any matters that would have constituted a disagreement or reportable event as defined by SEC regulations.
All information is based on a statement in the company’s Form 8-K filing with the Securities and Exchange Commission.
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