AuditorNov 12, 2026, 06:16 AM
CXJ Group Replaces Auditor Amid Going Concern Warnings
AI Summary
CXJ Group Co., Ltd. announced the resignation of its independent registered public accounting firm, J & S Associate PLT., effective immediately. The company has appointed WSJ and Partners as its new auditor for the fiscal year ending May 31, 2027. The previous auditor's reports highlighted substantial doubt about the company's ability to continue as a going concern and noted material weaknesses in internal controls.
Key Highlights
- CXJ Group Co., Ltd. accepted the resignation of J & S Associate PLT. as its independent registered public accounting firm, effective immediately.
- The Company appointed WSJ and Partners as its new independent registered public accounting firm for the fiscal year ending May 31, 2027.
- J&S reports contained an explanatory paragraph stating substantial doubt about the Company's ability to continue as a going concern for fiscal years ended May 31, 2024, 2025, and 2026.
- Material weaknesses in internal control over financial reporting were disclosed for fiscal years ended May 31, 2024, 2025, and 2026.
Price Impact