A Metaverse Company Announces Change of Auditor Due to Audit Fee Disagreement

Reuters
Jun 18
A Metaverse Company Announces Change of Auditor Due to Audit Fee Disagreement

A Metaverse Company, incorporated in the Cayman Islands, has announced a change in its auditor due to unresolved issues regarding the audit fee for the financial year ending December 31, 2025. Moore CPA Limited, the outgoing auditor, resigned effective June 18, 2025, after failing to reach a consensus with the company on the audit fee. The board of directors has appointed Asian Alliance as the new auditor. Although Moore confirmed there are no significant matters to report to shareholders, they did note issues outlined in the Basis for Qualified Opinion and Material Uncertainty sections related to going concern in the 2024 annual report. The company expressed gratitude to Moore for their past services.

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