Item 4.01 Changes in Registrants Certifying Accountant
On July 28, 2022, WSRP, LLC ("WSRP"), the independent registered public
accounting firm of Freedom Holding Corp. (the "Company") notified the Company
that it was declining to stand for reappointment to conduct the audit of the
Company's financial statements for the fiscal year ending March 31, 2023. WSRP
has informed the Company that it will continue to perform services for the
Company in connection with the fiscal quarter ending June 30, 2022. The Company
expects to engage a suitable replacement for WSRP within a timely fashion.
WSRP's audit reports on the Company's consolidated financial statements as of
and for the fiscal years ended March 31, 2022 and 2021, did not contain any
adverse opinion or a disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.
During the fiscal years ended March 31, 2022 and 2021, and the subsequent
interim period through July 28, 2022, there were no disagreements between the
Company and WSRP on any matter of accounting principles or practices, financial
statement disclosure, or audit scope or procedure, which disagreements, if not
resolved to the satisfaction of WSRP, would have caused WSRP to make reference
to the subject matter of the disagreements in connection with its reports on the
Company's financial statements for such periods.
During the fiscal years ended March 31, 2022 and 2021, and during the subsequent
interim period through July 28, 2022, there were no "reportable events", as
defined in Regulation S-K Item 304(a)(1)(v).
The Company provided WSRP with a copy of the disclosures it is making in this
Current Report on Form 8-K and requested WSRP furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether or not it
agrees with the statements contained herein, and if it does not, stating the
respects in which it does not agree. A copy of WSRP's letter, dated July 28,
2022, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Description
16.1 Letter to the Securities and Exchange Commission from
WSRP, LLC, dated July 28, 2022
Cover Page Interactive Data File (embedded within the
104 Inline XBRL document)
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