Finsoft Financial Investment Holdings Limited announced a change of auditor for its 2025 financial statements. The Company accepted Baker Tilly’s engagement, citing a lower proposed fee of HK$850,000 compared to RSM’s quotation. The Board concluded that the reduced fee would not affect the quality of the audit, pointing to Baker Tilly’s industry experience and plans for deploying advanced audit technology. The Company also confirmed that it attempted negotiations with RSM for a reduced fee, which were unsuccessful.
The Company’s Audit Committee assessed Baker Tilly’s credentials, resources, and proposed audit plan before recommending its appointment. Baker Tilly’s plan involves an experienced team with backgrounds in both listed-company audits and similar business segments. The bi-weekly audit timetable from late December 2025 to late March 2026 is substantially similar to prior years, indicating no material delay in reporting. Within this schedule, Baker Tilly will focus on key audit matters such as expected credit losses and revenue recognition, while leveraging IT reviews and data analytics to maintain efficiency and thoroughness.
According to the announcement, management has fully briefed Baker Tilly on the Company’s latest developments and provided key financial information in advance. This proactive approach aims to ensure sufficient staffing and resources for the audit while adhering to the Company’s cost-saving measures. The Board believes this arrangement supports the Company’s financial objectives without compromising the integrity and timelines of the 2025 audit.