regulatory
confidence high
sentiment negative
materiality 0.60
Longduoduo Co Ltd (LDDD): auditor change — Longduoduo dismisses auditor KCCW, retains Wei, Wei & Co. as new independent accountant
Longduoduo Co Ltd
- Prior auditor KCCW's reports for FY2022 and FY2021 included a going-concern modification and cited ineffective internal controls.
- No disagreements between Longduoduo and KCCW on accounting principles or audit scope during the reviewed periods.
- New auditor Wei, Wei & Co., LLP appointed effective June 16, 2023; no prior consultations on accounting matters.
- Company requested KCCW to provide a letter to the SEC; to be filed by amendment.