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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 10/18/22 Bon Natural Life Ltd. 6-K 10/18/22 2:71K M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size
1: 6-K Current, Quarterly or Annual Report by a Foreign HTML 27K
Issuer
2: EX-16.1 Letter re: a Change in Accountant HTML 7K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of October 2022
Commission File Number 001-40517
BON NATURAL LIFE LIMITED
(Translation of registrant’s name into English)
25F, Rongcheng Yungu, Keji 3rd Road
Xi’an Hi-Tech Zone, Xi’an, China
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
C:
NOTICE OF CHANGE OF AUDITORS
On October 13, 2022, pursuant to the approval of the Audit Committee of our Board of Directors, we dismissed Friedman, LLP (the “Former Accountant”) and engaged YCM CPA, Inc. (the “New Accountant”) as our new independent registered public accounting firm. The Company’s decision to make this change was not the result of any disagreement between the Company and the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
The Former Accountant’s audit reports on the financial statements of the Company for the fiscal years ended September 30, 2021 and 2020 contained no adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended September 30, 2021 and 2020, and in the subsequent interim period through October 13 , 2022, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them to make reference thereto in their reports on the financial statements for such periods.
During the fiscal years ended September 30, 2021 and 2020, and through all interim periods ended October 13, 2022, there were the following “reportable events” (as such term is defined in Item 304 of Regulation S-K). As disclosed in Part II, Item 15 of the Company’s Form 20-F for the fiscal year ended September 30, 2021, the Company’s management identified several material weaknesses in our internal control over financial reporting and other control deficiencies as of September 30, 2021, which related to the following:
| (i) | a lack of accounting staff and resources with appropriate knowledge of generally accepted accounting principles in the United States (“U.S. GAAP”) and SEC reporting and compliance requirements; | |
| (ii) | certain audit adjustments proposed by the auditor and recorded by the Company into the financial statements; and | |
| (iii) | a lack of sufficient documented financial closing policies and procedures. |
These material weaknesses have not been fully remediated as of the date of this Report on Form 6-K.
The Company authorized the Former Accountant to respond fully and without limitation to all requests of the New Accountant concerning all matters related to the audited periods by the Former Accountant, including with respect to the subject matter of each reportable event.
Prior to retaining the New Accountant, the Company did not consult with the New Accountant regarding either: (i) the application of accounting principles to a specified transaction, either contemplated or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements; or (ii) any matter that was the subject of a “disagreement” or a “reportable event” (as those terms are defined in Item 304 of Regulation S-K).
On October 13, 2022, we provided the Former Accountant with the disclosures in this Report on Form 6-K and requested that the Former Accountant furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with such disclosures. The Former Accountant’s response is filed as an exhibit to this Report on Form 6-K.
Exhibits
The following exhibits are included in this Form 6-K:
| Exhibit No. | Description of Exhibit | |
| 16.1 | Letter from Friedman, LLP to the Securities and Exchange Commission |
C:
| C: 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: October 18, 2022 | Bon Natural Life Limited | |
| By: | /s/ Yongwei Hu | |
| Yongwei Hu | ||
| Chairman and Chief Executive Officer | ||
C:
| 3 |
| This ‘6-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / For Period end: | 10/18/22 | |||
| 10/13/22 | ||||
| 9/30/21 | 20-F | |||
| 9/30/20 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/31/23 Bon Natural Life Ltd. 424B5 1:1.5M M2 Compliance LLC/FA 1/27/23 Bon Natural Life Ltd. 424B5 1:2.1M M2 Compliance LLC/FA 12/27/22 Bon Natural Life Ltd. S-8 12/27/22 5:2.1M M2 Compliance LLC/FA 11/22/22 Bon Natural Life Ltd. F-3/A 2:1.1M M2 Compliance LLC/FA 10/31/22 Bon Natural Life Ltd. F-3/A 2:1.2M M2 Compliance LLC/FA |