Concorde International Group Ltd. has announced a change in its independent registered public accounting firm. The company's Audit Committee ratified the dismissal of Kreit & Chiu CPA LLP, effective August 1, 2025, and appointed Assentsure PAC as the new accounting firm. The decision follows an SEC inquiry on May 15, 2025, which highlighted issues including a lack of proper segregation of duties over journal entries, inadequate training of accounting staff, and ineffective review controls for accounting processes. Despite these concerns, Kreit & Chiu's audit reports for 2023 and 2024 were not qualified or modified. Concorde has confirmed that there were no disagreements with Kreit & Chiu before the change.
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