International Genius Company Replaces Auditor Amid Incomplete Financial Information

Reuters
Oct 30
International Genius Company Replaces Auditor Amid Incomplete Financial Information

International Genius Company has announced a change of auditor after its previous auditor, McMillan, was unable to complete the audit of the Group's consolidated financial statements for FY2025. The audit could not be finalized due to outstanding information, including certain financial data from a subsidiary, details on goodwill impairment and contingent consideration assessments, supporting calculations for income taxes, and critical audit confirmations. As the Company and McMillan could not agree on a timetable or additional fees for completing the audit, International Genius Company decided to appoint a new auditor, CCTH, to expedite the process. The Board stated that the change will not have a material impact on the Group and is in the best interest of shareholders.

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