regulatory
confidence high
sentiment neutral
materiality 0.55
BioKey dismisses auditor Simon & Edward, engages Kreit & Chiu CPA LLP
BioKey (Cayman), Inc.
- Audit committee approved dismissal of Simon & Edward, LLP (S&E) and engagement of Kreit & Chiu CPA LLP (KC) effective August 1, 2026.
- S&E's reports for FY 2024 and 2025 included a going concern explanatory paragraph but no adverse opinion or qualifications.
- No disagreements with S&E on accounting principles or audit scope during the two most recent fiscal years through June 30, 2026.
- Previously disclosed material weaknesses in internal control over financial reporting were the only reportable events.
- No consultations with KC on accounting or auditing matters prior to engagement.