9F Inc. (NASDAQ: JFU) replaces auditor and reiterates control weaknesses
Rhea-AI Filing Summary
9F Inc. reported a change in its independent auditor. The board of directors and audit committee approved the dismissal of Wei, Wei & Co., LLP as the company’s independent registered public accounting firm, effective September 16, 2025, and appointed Marcum Asia CPAs LLP as the new auditor for the fiscal year ending December 31, 2025.
The prior auditor’s reports on 9F’s consolidated financial statements for fiscal years ended 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications. The company states there were no disagreements with Wei, Wei & Co. on accounting principles, financial disclosure, or audit scope, and no reportable events other than previously identified material weaknesses in internal control over financial reporting, including limited U.S. GAAP and SEC reporting expertise, insufficient documentation for certain transactions and investment analyses, and inadequate policies for complex financial instruments.
Positive
- None.
Negative
- None.
Insights
9F switches auditors with no reported disagreements but keeps noted control weaknesses.
9F Inc. replaced Wei, Wei & Co., LLP with Marcum Asia CPAs LLP as its independent registered public accounting firm, effective
The company also states there were no disagreements with the former auditor on accounting principles, financial disclosures, or audit scope, and no reportable events beyond existing material weaknesses in internal control over financial reporting. These weaknesses involve limited U.S. GAAP and SEC reporting expertise, gaps in documentation for certain accounting transactions and investment valuations, and insufficient policies for complex financial instruments.
The change in auditor itself is administrative, while the internal control issues highlight areas of financial reporting risk that may require remediation over future reporting periods, according to how the company has described its control environment.