AuditorJun 3, 2026, 09:12 AM
Sharing Economy International Changes Independent Auditor
AI Summary
Sharing Economy International Inc. announced the dismissal of LAO Professionals as its independent registered public accounting firm, effective May 28, 2026. The Board of Directors approved this change. While LAO Professionals' reports for 2024 and 2025 included a going concern doubt, there were no disagreements on accounting principles or practices. Concurrently, the Company engaged Privatco CPA Limited as its new independent registered public accountants.
Key Highlights
- Sharing Economy International Inc. dismissed LAO Professionals as its independent registered public accounting firm on May 28, 2026.
- The Board of Directors recommended and approved the dismissal of LAO Professionals.
- LAO Professionals' reports for 2024 and 2025 contained no adverse or qualified opinions, but noted substantial doubt about the Company's ability to continue as a going concern.
- The Company had no disagreements with LAO Professionals on accounting principles, disclosures, or auditing scope.
- The Company engaged Privatco CPA Limited as its new independent registered public accounting firm on May 28, 2026.
- The Company did not consult with Privatco on accounting principles or audit opinions prior to their engagement.
Price Impact