other material
confidence high
sentiment neutral
materiality 0.50
DIGIASIA CORP.: auditor change — StoneBridge Acquisition dismisses Marcum as auditor, appoints BDO India LLP
DIGIASIA CORP.
- Dismissed Marcum LLP and hired BDO India LLP as independent registered public accounting firm on March 20, 2024.
- No disagreements with Marcum on accounting principles, disclosures, or audit scope during the relevant periods.
- Previous audit reports included an explanatory paragraph regarding going-concern uncertainty.
- Material weaknesses in internal controls over complex financial instruments and accrual accounting were previously identified.
- Marcum's letter dated March 26, 2024, confirming agreement with the disclosures is attached as Exhibit 16.1.