AuditorOct 9, 2026, 04:11 PM
Verde Resources Appoints New Auditor, Discloses Internal Control Weaknesses
AI Summary
Verde Resources, Inc. announced a change in its independent registered public accounting firm. The company dismissed J&S Associate PLT and appointed MBP Global LLP. J&S's previous audit reports highlighted critical audit matters concerning the impairment assessment of intellectual properties. The company also disclosed material weaknesses in its internal control over financial reporting for the fiscal years 2025 and 2026.
Key Highlights
- Verde Resources, Inc. dismissed J&S Associate PLT as its independent registered public accounting firm.
- MBP Global LLP was appointed as the new independent registered public accounting firm.
- J&S's report on fiscal years 2025 and 2026 included a section on Critical Audit Matters regarding Impairment Assessment of Intellectual Properties.
- No disagreements were reported between Verde Resources and J&S.
- Material weaknesses in internal control over financial reporting were noted for fiscal years 2025 and 2026.
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