Arta TechFin (279) Announces Auditor Change and Appoints Prism Hong Kong Limited

Bulletin Express
Feb 13

Arta TechFin Corporation Limited (279) has announced a change of its auditor, effective 13 February 2026. The decision follows the resignation of Crowe (HK) CPA Limited due to an unresolvable fee consensus for the financial statements ending 31 March 2026. Crowe confirmed that there are no other matters needing attention from shareholders, and the board also indicated no unresolved disagreements.

According to the announcement, Crowe had served as auditor for over seven years. The company initiated a formal tender process, inviting proposals from multiple reputable firms following best corporate governance practices. After considering recommendations from its audit committee, Arta TechFin appointed Prism Hong Kong Limited to fill the vacancy until the next annual general meeting.

The announcement highlighted several key considerations in appointing Prism, including its independence, experience in auditing Hong Kong–listed companies, and track record in regulated sectors. The company’s audit committee also confirmed that Prism’s proposed team structure, estimated audit hours, and fee proposal met Arta TechFin’s requirement for maintaining audit quality while achieving cost savings.

Prism’s audit plan incorporates a risk-based approach with a focus on significant accounting estimates and compliance with Hong Kong Financial Reporting Standards. Scheduled from March to June 2026, it includes an early assessment of opening balances, substantive fieldwork, and timely communication of any findings. Arta TechFin stated confidence that this appointment will maintain audit quality and aligns with the company’s broader cost-control strategies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10