other
confidence high
sentiment neutral
materiality 0.60
CBAK Energy Technology, Inc. (CBAT): auditor change — CBAK Energy dismisses Centurion ZD CPA, appoints ARK Pro CPA as new auditor
CBAK Energy Technology, Inc.
- Board dismissed Centurion ZD CPA & Co. effective July 18, 2023; appointed ARK Pro CPA & Co. for FY 2023.
- Centurion's reports had no adverse opinion except a going concern explanatory paragraph.
- Two material weaknesses in internal control over financial reporting previously disclosed: lack of policies and insufficient skilled accounting personnel.
- No disagreements or reportable events (other than material weaknesses) with Centurion during 2022-2023 interim period.
- New auditor ARK Pro subject to completion of client acceptance procedures.