other material
confidence high
sentiment neutral
materiality 0.50
DUO WORLD INC: auditor change — Duo World replaces auditor after former firm loses engagement team, closes branch
DUO WORLD INC
- Former auditor Manohar Chowdhry & Associates resigned on May 11, 2023, after engagement partner and team exited, and branch closed.
- No disagreements with former auditor on accounting principles; reports for FY2022 and FY2021 contained going concern explanatory note.
- Company engaged CNGSN and Associates LLP as new independent auditor effective May 16, 2023, approved by Board.
- New audit partner and team had previously audited company at prior firm; transition discussions occurred.
- Former auditor submitted letter to SEC (Exhibit 16) agreeing with company's disclosures.