PTL Limited Replaces Auditor After Citing Internal Control Weakness
PTL Limited announced a change in its independent registered public accounting firm, dismissing J&S ASSOCIATE PLT effective October 22, 2025, and appointing FundCertify CPA Professional Corporation, Inc. as its new auditor. The company reported that there were no disagreements with J&S on accounting principles or practices, financial statement disclosures, or audit procedures. However, PTL Limited did disclose a material weakness in its internal control over financial reporting, specifically citing insufficient financial reporting and accounting personnel with U.S. GAAP expertise and several IT deficiencies, including a lack of formal IT policies and procedures. These issues had previously been disclosed in the company's annual report for the fiscal year ended December 31, 2024.
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