AuditorJul 2, 2026, 04:07 PM
ABVC BioPharma Changes Independent Auditor to Kreit & Chiu CPA LLP
AI Summary
ABVC BioPharma, Inc. announced the dismissal of its independent registered public accounting firm, Simon & Edward, LLP (S&E), effective June 30, 2026. Concurrently, the company engaged Kreit & Chiu CPA LLP (KC) to serve as its new auditor for the fiscal year ending December 31, 2026. S&E's previous reports included an explanatory paragraph regarding the company's ability to continue as a going concern, but there were no disagreements on accounting matters or auditing scope.
Key Highlights
- ABVC BioPharma dismissed Simon & Edward, LLP (S&E) as its independent auditor.
- Kreit & Chiu CPA LLP (KC) was engaged as the new independent registered public accounting firm.
- The change was approved by the audit committee on June 30, 2026.
- S&E served as the company's auditor from October 17, 2024, to June 30, 2026.
- S&E's reports for 2024 and 2025 included an explanatory paragraph regarding going concern.
- There were no disagreements with S&E on accounting principles or auditing procedures.
- Previously disclosed material weaknesses in internal control over financial reporting were noted.
- No consultations occurred with KC regarding reportable events prior to their engagement.
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