ALLIED ESPORTS ENTERTAINMENT, INC. : Changes in Registrant’s Certifying Accountant, Financial Statements and Exhibits (form 8-K)

Section 4.01 Change in Registrant’s Certified Accountant.

Dismissal of private companies registered with public accounts.

On November 22, 2022, Allied Esports Entertainment, Inc. (the “Company”) was dismissed Marcum LLP (“Marcum”) as the company’s independent registered public accountant in connection with the audit of the financial statements for the year 2022. Marcum’s dismissal is approved by the company.
Audit Committee on November 18, 2022.

Marcum, Inc.’s financial statements on the chart. December 31, 2021 and 2020 (the “Marcum Reports”) did not contain contrary opinions or disclaimers of opinion, and were not qualified or modified with respect to uncertainty, audit scope, or accounting principles. The Marcum Report was included in the company’s annual report on Form 10-K for the fiscal year, however, it included an explanatory paragraph related to significant uncertainty about the company’s viability. to continue the work. For the last two years the company has been closed December 31, 2021 and 2020, and during the interim period following Marcum’s dismissal, there were no disagreements with Marcum regarding accounting principles or practices, the issuance of financial statements credit, or the scope or method of control, which disagreements, unless resolved to Marcum’s satisfaction, cause Marcum to discuss the subject of disagreements related to Marcum Reports.

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In connection with the preparation of the company’s annual report on Form 10-K for the fiscal year ending. December 31, 2021and the quarterly report on Form 10-Q for the most recent quarter March 31, 2022, June 30, 2022 SY September 30, 2022 (collectively, the “Reports”), Marcum has advised the Company of the following categories of deficiencies that result in a material weakness in the Company’s internal control over financial reporting, which has been The Company previously stated in the applicable News Report:

1. lack of internal control over timely preparation and deployment of

consolidated financial statements, inadequate financial controls

complex financial instruments (such as promissory notes), and informal annual closings

the book;

2. lack of control and procedures related to the completeness of

information reported by certain third parties that process transactions

related to personal income;

3. lack of separation of duties as a result of limited accounting staff and


4. Lack of general control over information technology related to users

access and change management; SY

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5. insufficient review of the schedule used to record depreciation/amortization

   and stock-based compensation schedules.

Marcum discussed the foregoing material weaknesses with the Audit Committee of the Company’s Board of Directors at the time each material weakness was determined to exist. The Company authorized Marcum to respond fully to the independent registered public accounting firm’s questions regarding these material weaknesses.


The Company has fixed defects 1 and 2 above. Management began taking action, including the involvement of additional accounting staff and compliance resources, to address remaining material weaknesses. Despite the material weaknesses in internal control over financial reporting described above, the Company’s management has concluded that the consolidated financial statements contained in the report are fairly stated -fair in all material respects in accordance with generally accepted accounting principles. the United States.

The Company provided Marcum with a copy of this current report on Form 8-K prior to its filing with Securities and Exchange Commission (the “SEC”) and asked Marcum to provide the Company with a letter addressed to sec
states whether or not Marcum agrees with the above statements. Copy of letter from Marcum dated November 22, 2022 is filed as Exhibit 16.1 to this current report on Form 8-K.

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Participation in new private companies registered with accountants.

On November 21, 2022the company’s Audit Committee approved the participation in the
ZH CPA, LLC (“ZH”) as a new independent company registered with the public accountant to audit the Company’s financial statements from 2022, subject to the completion of the ZH how customers receive it.

During the year ended December 31, 2021 and 2020 and until now November 22, 2022neither the Company nor any person on their behalf has consulted ZH with respect to (i) the application of accounting principles to a specific transaction already completed or contemplated, (ii) the type of audit opinion that may be issued on the Company’s financial statements, or (iii) any matter that has been inconsistent with a non-compliance or finding in response to section 304(a)( 1) of SK Rules (none).

Section 9.01 Financial Statements and Disclosures.

(d) Exhibits.

Exhibit No.   Description
16.1            Letter from Marcum LLP dated November 22, 2022
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)


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