PTL Ltd appoints Privatco CPA as new auditor
Rhea-AI Filing Summary
PTL Ltd (symbol PTLE) reports that its Board of Directors and Audit Committee approved and ratified the appointment of Privatco CPA Limited as the company’s new independent registered public accounting firm, effective September 16, 2026, to audit its financial statements.
The company states that during the fiscal year ended December 31, 2025 and subsequent interim periods through the engagement date, it had not consulted Privatco. An exhibit provides a concurrence letter from the former auditor, FundCertify CPA Professional Corporation, addressed to the U.S. Securities and Exchange Commission.
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Key Figures
Auditor appointment effective date: September 16, 2026
Most recent fiscal year end: December 31, 2025
Form 6-K signature date: September 21, 2026
+1 more
4 metrics
Auditor appointment effective date
September 16, 2026
Date Privatco CPA Limited was engaged as independent registered public accounting firm
Most recent fiscal year end
December 31, 2025
Fiscal year referenced for confirming no consultations with Privatco
Form 6-K signature date
September 21, 2026
Date PTL Ltd’s CEO signed the report
Exhibit number
16.1
Concurrence letter from FundCertify CPA Professional Corporation
Key Terms
foreign private issuer, independent registered public accounting firm, Audit Committee, Form 20-F, +1 more
5 terms
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
independent registered public accounting firm financial
"appointment of Privatco CPA Limited as its new independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Audit Committee financial
"the Board of Directors of the Company and the Audit Committee of the Company approved"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Form 20-F regulatory
"whether the registrant files or will file annual reports under cover of Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
concurrence letter financial
"Concurrence Letter from FundCertify CPA Professional Corporation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What auditor change did PTLE announce in this Form 6-K?
PTL Ltd announced that its Board and Audit Committee approved and ratified the appointment of Privatco CPA Limited as its new independent registered public accounting firm, effective September 16, 2026, to audit the company’s financial statements.
When does the new auditor appointment for PTLE become effective?
The appointment of Privatco CPA Limited as PTL Ltd’s independent registered public accounting firm is effective as of September 16, 2026, the date on which the Board of Directors and Audit Committee approved and ratified the engagement.
Did PTLE consult Privatco before engaging it as auditor?
PTL Ltd states that during its most recent fiscal year ended December 31, 2025 and any subsequent interim periods through September 16, 2026, neither the company nor anyone on its behalf consulted Privatco.
What fiscal period is referenced in PTLE’s auditor change disclosure?
The disclosure references PTL Ltd’s most recent fiscal year ended December 31, 2025, as well as interim periods after that date through the engagement of Privatco on September 16, 2026.
Is there a letter from PTLE’s former auditor included in this filing?
Yes. The filing lists Exhibit 16.1, described as a concurrence letter from FundCertify CPA Professional Corporation addressed to the U.S. Securities and Exchange Commission regarding the change in the company’s certifying accountant.
Who signed PTLE’s September 2026 Form 6-K and in what capacity?
The report was signed on September 21, 2026 by Ying Ying Chow, who is identified as the company’s Chief Executive Officer, on behalf of PTL Ltd.
AI-generated analysis. How Rhea-AI works. Not financial advice.
