Knorex Ltd. appoints Assentsure PAC as new independent auditor
Knorex Ltd. disclosed that its Audit Committee dismissed Kreit & Chiu CPA LLP as independent auditor and appointed Assentsure PAC as the new independent registered public accounting firm for the fiscal year ending December 31, 2025.
Rhea-AI Filing Summary
Knorex Ltd. disclosed that its Audit Committee dismissed Kreit & Chiu CPA LLP as independent auditor and appointed Assentsure PAC as the new independent registered public accounting firm for the fiscal year ending December 31, 2025. Kreit & Chiu’s audit reports on Knorex’s consolidated financial statements for the years ended December 31, 2024 and 2023 contained no adverse or disclaimed opinions and were not qualified, other than including an emphasis about the company’s going concern uncertainty.
The company reports there were no disagreements or reportable events with the former auditor over accounting principles, financial disclosures, or audit procedures during those periods, and that it did not consult Assentsure on accounting or audit opinions before the appointment.
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Insights
Knorex changes auditors with no reported disputes but ongoing going concern emphasis.
Knorex’s Audit Committee replaced Kreit & Chiu CPA LLP with Assentsure PAC as its independent auditor for the year ending December 31, 2025. The prior auditor’s reports for 2023 and 2024 were clean in terms of opinion type but highlighted a going concern uncertainty, signaling that the company’s ability to continue operating was a key focus in those audits.
The company states there were no disagreements or reportable events with the former auditor, and that it did not seek advance accounting or opinion guidance from Assentsure before the appointment. This positions the move as a governance decision rather than one triggered by disclosed disputes over accounting treatments. Future annual reports will show how Assentsure evaluates the same going concern issues in its opinions for the 2025 financial statements.
FAQ
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What change in auditors did Knorex Ltd. (KNRX) disclose?
Did the prior Knorex (KNRX) audit opinions contain any qualifications or adverse opinions?
Were there any disagreements between Knorex Ltd. (KNRX) and its former auditor?
Did Knorex (KNRX) report any reportable events with the former auditor?
Did Knorex Ltd. (KNRX) consult Assentsure PAC before appointing it as auditor?
How did Knorex involve its former auditor in these disclosures?
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