Galaxy Payroll Group Ltd. Changes Auditors Amid Identified Material Weaknesses

Reuters

06-13

Galaxy Payroll Group Ltd. Changes Auditors Amid Identified Material Weaknesses

**Galaxy Payroll Group Ltd. Announces Change in Certifying Accountant** On May 12, 2025, Galaxy Payroll Group Ltd. announced a change in its independent registered public accounting firm. The company's Board of Directors, following the recommendation of its Audit Committee, dismissed Marcum Asia CPAs LLP as the certifying accountant and appointed Guangdong Prouden CPAs GP to assume the role, effective immediately. The former auditor's reports for the fiscal years ending June 30, 2023, and 2024 contained no adverse opinions or disclaimers. Galaxy Payroll Group confirmed that, as of the change date, they had not consulted with the new auditor on accounting principles or audit opinions. The company previously identified material weaknesses in their 2024 annual report, including inadequate segregation of duties, insufficient financial reporting personnel, and ineffective control frameworks. A letter from Marcum Asia CPAs LLP regarding this change was filed with the SEC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Payroll Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-054037), on June 13, 2025, and is solely responsible for the information contained therein.

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Changes Auditors Amid Identified Material Weaknesses","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Galaxy Payroll Group Ltd. Changes Auditors Amid Identified Material Weaknesses\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        **Galaxy Payroll Group Ltd. Announces Change in Certifying Accountant** On May 12, 2025, Galaxy Payroll Group Ltd. announced a change in its independent registered public accounting firm. The company's Board of Directors, following the recommendation of its Audit Committee, dismissed Marcum Asia CPAs LLP as the certifying accountant and appointed Guangdong Prouden CPAs GP to assume the role, effective immediately. 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Changes Auditors Amid Identified Material Weaknesses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-13 20:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Galaxy Payroll Group Ltd. Changes Auditors Amid Identified Material Weaknesses\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        **Galaxy Payroll Group Ltd. Announces Change in Certifying Accountant** On May 12, 2025, Galaxy Payroll Group Ltd. announced a change in its independent registered public accounting firm. The company's Board of Directors, following the recommendation of its Audit Committee, dismissed Marcum Asia CPAs LLP as the certifying accountant and appointed Guangdong Prouden CPAs GP to assume the role, effective immediately. The former auditor's reports for the fiscal years ending June 30, 2023, and 2024 contained no adverse opinions or disclaimers. Galaxy Payroll Group confirmed that, as of the change date, they had not consulted with the new auditor on accounting principles or audit opinions. The company previously identified material weaknesses in their 2024 annual report, including inadequate segregation of duties, insufficient financial reporting personnel, and ineffective control frameworks. 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ID: 0001213900-25-054037), on June 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250613:nNDL58by9y:1","article_id":"2543684013","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543684013","pubTimestamp":1749817777,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"**Galaxy Payroll Group Ltd. 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