Triller Group Inc. (ILLR): auditor change — AGBA Group to restate 2022 audited and 2023 quarterly financials due to tax accounting error

Triller Group Inc.

Audit committee determined prior financial statements (FY2022 audited; Q1-Q3 2023 quarterly) should no longer be relied upon due to tax classification error.
Error relates to recording $23M income tax payable on 2021 Nutmeg disposal; management concluded no Hong Kong tax due on long-term investment sale.
Consolidated statement of operations for 2022 and 2023 unaffected by restatement; only balance sheet classification changes.
Company plans to restate FY2022 10-K and amend Prior 10-Qs as soon as practicable.

item 4.02

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

Triller Group Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

should no longer be relied upon due to the classification errors described above.

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Source: SEC EDGAR

accession 0001213900-24-027200

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