[6-K] DIGIASIA CORP. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
DigiAsia Corp. reports a change in its independent auditor. EC Barrett, LLC resigned as the company’s auditor on October 15, 2025 after determining that scope limitations during its audit prevented it from obtaining sufficient appropriate audit evidence to complete the engagement in accordance with generally accepted auditing standards. On November 15, 2025, after approval by the Board of Directors and its Audit Committee, DigiAsia appointed Mercurius & Associates LLP as the new independent registered public accounting firm, with the engagement effective November 26, 2025.
The company states that its decision to appoint Mercurius was not due to any disagreement with EC Barrett on accounting principles, practices, or financial statement disclosure. DigiAsia also notes that it did not consult Mercurius on accounting or auditing matters before the engagement. EC Barrett’s response letter to the U.S. Securities and Exchange Commission is included as an exhibit.
Positive
- None.
Negative
- None.
Insights
Auditor resignation over scope limitations is a governance red flag.
The company explains that EC Barrett, LLC resigned as auditor after concluding that scope limitations during its audit prevented it from obtaining sufficient appropriate audit evidence under generally accepted auditing standards. This indicates the prior auditor was unable to complete the audit work as planned, which can raise concerns about access to information, documentation quality, or internal processes, even though the specific limitations are not detailed.
DigiAsia subsequently appointed Mercurius & Associates LLP as its new independent auditor, with Board and Audit Committee approval and an effective engagement date of
FAQ
Why did DigiAsia Corp. (FAAS) change its independent auditor?
What reason did EC Barrett, LLC give for resigning from DigiAsia Corp. (FAAS)?
When did Mercurius & Associates LLP become auditor for DigiAsia Corp. (FAAS)?
Were there any disagreements between DigiAsia Corp. (FAAS) and EC Barrett, LLC?
Did DigiAsia Corp. (FAAS) consult Mercurius & Associates before engaging them?
What additional document related to the auditor change did DigiAsia Corp. (FAAS) file?
