other material
confidence high
sentiment negative
materiality 0.70
Chenghe Acquisition I Co.: auditor change — Chenghe Acquisition I Co. Dismisses Marcum LLP, Engages Marcum Asia as New Auditor
Chenghe Acquisition I Co.
- Marcum LLP was dismissed as independent auditor on February 27, 2024, approved by Audit Committee.
- Marcum Asia CPAs LLP was engaged as the new independent registered public accounting firm on the same date.
- Material weaknesses in internal control over financial reporting were identified as of September 30, 2023, including improper period accounting and complex financial instrument treatment.
- No disagreements on accounting principles occurred with Marcum US, but reportable events were noted.
- Marcum US's prior report included a going concern qualification due to liquidity and mandatory liquidation date.