Moatable, Inc.: auditor change — Moatable restates multiple periods due to sales tax liability accounting errors

Moatable, Inc.

Non-reliance on prior audited FY2023 and quarterly reports for 2023/2024 due to sales tax accounting errors.
Understatement of sales tax liability ~$3.6M ($2.3M for 2021-2023, $0.9M for 9mo ended Sep 30, 2024).
Material weakness in ICFR identified; management deems disclosure controls ineffective; remediation plan in place.
Restated FY2023 results and impacted 2023/2024 quarters to be included in upcoming 2024 Form 10-K.

item 2.02 item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Moatable, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Marcum Asia CPAs LLP

Exact text from the filing

ndependent registered public accounting firm, Marcum Asia CPAs LLP. Cautionary Statement Regarding Forward-Looking Statements This Current Report on

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Source: SEC EDGAR

accession 0001104659-25-032241

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