AuditorJul 9, 2026, 08:03 AM
Future FinTech Group Changes Auditor, Appoints Wei, Wei & Co.
AI Summary
Future FinTech Group Inc. dismissed Fortune CPA Inc. as its independent registered public accounting firm on July 6, 2026, and simultaneously appointed Wei, Wei & Co., LLP, effective immediately. Fortune's audit reports for 2024 and 2025 contained an explanatory paragraph regarding the Company's ability to continue as a going concern and noted a material weakness in internal control over financial reporting. The Company stated there were no disagreements with Fortune on accounting principles or practices.
Key Highlights
- Future FinTech Group dismissed Fortune CPA Inc. as its independent registered public accounting firm on July 6, 2026.
- Fortune CPA Inc. had served as the Company's auditor since August 2023.
- Audit reports for fiscal years 2024 and 2025 included a going concern explanatory paragraph.
- A material weakness in internal control over financial reporting was noted for 2024 and 2025.
- There were no disagreements with Fortune CPA Inc. on accounting principles or practices.
- The Audit Committee approved the engagement of Wei, Wei & Co., LLP, effective July 6, 2026.
- Wei, Wei & Co., LLP will act as the Company's auditor for the fiscal year ending December 31, 2026.
Price Impact
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