iClick Interactive Asia Group Limited Announces Change of Auditor
iClick Interactive Asia Group (NASDAQ: ICLK), a leading marketing cloud platform in China, has appointed WWC, P.C. Certified Professional Accountants as its new independent registered public accounting firm, effective September 30, 2024. This change, approved by the audit committee, replaces PricewaterhouseCoopers (PwC), who declined to stand for re-election.
PwC's reports for fiscal years 2023 and 2022 contained no adverse opinions or modifications. There were no disagreements between iClick and PwC on accounting principles or practices. However, material weaknesses in internal control over financial reporting were disclosed for both years.
iClick has not consulted with WWC on any significant accounting or auditing matters prior to the appointment. The company expressed gratitude to PwC and is working to ensure a smooth transition between the firms.
iClick Interactive Asia Group (NASDAQ: ICLK), una delle principali piattaforme di marketing cloud in Cina, ha nominato WWC, P.C. Commercialisti Professionisti Certificati come suo nuovo studio contabile pubblico indipendente registrato, con effetto dal 30 settembre 2024. Questa modifica, approvata dal comitato di audit, sostituisce PricewaterhouseCoopers (PwC), che ha rifiutato di ricandidarsi.
Le relazioni di PwC per gli anni fiscali 2023 e 2022 non contenevano opinioni avverse o modifiche. Non ci sono state divergenze tra iClick e PwC sui principi o le pratiche contabili. Tuttavia, sono state rivelate debolezze materiali nel controllo interno sulla reporting finanziario per entrambi gli anni.
iClick non ha consultato WWC su questioni contabili o di auditing significative prima della nomina. L'azienda ha espresso gratitudine a PwC e sta lavorando per garantire una transizione fluida tra le aziende.
iClick Interactive Asia Group (NASDAQ: ICLK), una de las principales plataformas de marketing en la nube en China, ha designado a WWC, P.C. Contadores Públicos Certificados como su nueva firma de contabilidad pública registrada e independiente, con efecto a partir del 30 de septiembre de 2024. Este cambio, aprobado por el comité de auditoría, reemplaza a PricewaterhouseCoopers (PwC), que se negó a presentarse para la reelección.
Los informes de PwC para los años fiscales 2023 y 2022 no contenían opiniones adversas ni modificaciones. No hubo desacuerdos entre iClick y PwC sobre principios o prácticas contables. Sin embargo, se revelaron debilidades materiales en el control interno sobre la información financiera para ambos años.
iClick no ha consultado a WWC sobre ningún tema significativo contable o de auditoría antes de la designación. La empresa expresó su agradecimiento a PwC y está trabajando para asegurar una transición fluida entre las firmas.
iClick Interactive Asia Group (NASDAQ: ICLK), 중국의 선도적인 마케팅 클라우드 플랫폼이 WWC, P.C. 인증된 공인 회계사를 새 독립 등록 공공 회계법인으로 임명했다, 2024년 9월 30일자로 효력을 발생합니다. 이 변경은 감사 위원회의 승인을 거쳐 PricewaterhouseCoopers (PwC)를 대체하며, PwC는 재선 출마를 거부했습니다.
PwC의 2023년 및 2022년 회계 연도 보고서에는 부정적 의견이나 수정 사항이 포함되어 있지 않았습니다. iClick과 PwC 간에는 회계 원칙이나 관행에 대한 이견이 없었습니다. 그러나 두 해에 걸쳐 재무 보고에 대한 내부 통제의 중대한 약점이 밝혀졌습니다.
iClick은 임명 이전에 WWC와 중요한 회계 또는 감사 문제에 대해 상담하지 않았습니다. 회사는 PwC에 감사를 표하며 두 회사 간의 원활한 전환을 보장하기 위해 노력하고 있습니다.
iClick Interactive Asia Group (NASDAQ: ICLK), une des principales plateformes de marketing cloud en Chine, a nommé WWC, P.C. Experts-Comptables Professionnels Certifiés comme son nouveau cabinet comptable public inscrit indépendant, prenant effet le 30 septembre 2024. Ce changement, approuvé par le comité d’audit, remplace PricewaterhouseCoopers (PwC), qui a refusé de se représenter.
Les rapports de PwC pour les exercices fiscaux 2023 et 2022 ne contenaient aucune opinion défavorable ou modification. Il n'y a eu aucun désaccord entre iClick et PwC sur les principes ou pratiques comptables. Cependant, des faiblesses matérielles dans le contrôle interne sur la reporting financier ont été révélées pour les deux années.
iClick n'a pas consulté WWC sur des questions comptables ou d'audit significatives avant la nomination. L'entreprise a exprimé sa gratitude à PwC et travaille pour assurer une transition fluide entre les entreprises.
iClick Interactive Asia Group (NASDAQ: ICLK), eine der führenden Marketing-Cloud-Plattformen in China, hat WWC, P.C. Zertifizierte Wirtschaftsprüfer als neue unabhängige, registrierte Prüfungsgesellschaft ernannt, mit Wirkung zum 30. September 2024. Diese Änderung, die vom Prüfungsausschuss genehmigt wurde, ersetzt PricewaterhouseCoopers (PwC), die sich geweigert haben, sich zur Wiederwahl aufzustellen.
Die Berichte von PwC für die Geschäftsjahre 2023 und 2022 enthielten keine negativen Meinungen oder Änderungen. Es gab keine Meinungsverschiedenheiten zwischen iClick und PwC hinsichtlich der Rechnungslegungsgrundsätze oder -praktiken. Es wurden jedoch materielle Schwächen in der internen Kontrolle über die Finanzberichterstattung für beide Jahre offengelegt.
iClick hat vor der Ernennung nicht mit WWC zu wesentlichen Rechnungslegungs- oder Prüfungsfragen konsultiert. Das Unternehmen drückte seinen Dank an PwC aus und arbeitet daran, einen reibungslosen Übergang zwischen den Unternehmen zu gewährleisten.
- Appointment of new auditor WWC, P.C. Certified Professional Accountants
- No adverse opinions or modifications in PwC's reports for fiscal years 2023 and 2022
- No disagreements with PwC on accounting principles or practices
- Material weaknesses in internal control over financial reporting disclosed for fiscal years 2023 and 2022
- Change in auditor may indicate potential underlying issues or increased scrutiny
Insights
The change in auditor from PricewaterhouseCoopers (PwC) to WWC, P.C. Certified Professional Accountants is a significant development for iClick Interactive Asia Group While auditor changes are not uncommon, they can raise questions about a company's financial reporting and governance.
Key points to consider:
- There were no adverse opinions or disagreements reported with PwC, which is positive.
- However, material weaknesses in internal control over financial reporting were disclosed for fiscal years 2023 and 2022, which is concerning.
- The transition from a "Big Four" firm to a lesser-known auditor might be perceived negatively by some investors, potentially impacting market confidence.
- The company's assurance of a seamless transition is important, but investors should monitor future financial reports closely.
This change doesn't necessarily indicate financial impropriety, but it warrants attention. Investors should watch for any restatements or significant changes in financial reporting practices under the new auditor.
The reports of PwC on the Company's consolidated financial statements for the fiscal years ended December 31, 2023 and 2022 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through September 30, 2024, there have been (i) no disagreements (as defined in Item 16F(a)(1)(iv) of Form 20-F and the related instructions thereto) between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused them to make reference thereto in their reports on the Company's consolidated financial statements for such years, and (ii) no reportable events (as defined in Item 16F(a)(1)(v) of Form 20-F), except for the material weaknesses related to the Company's internal control over financial reporting as disclosed under Item 15 of the Company's annual report on Form 20-F for the fiscal years ended December 31, 2023 and 2022.
During the fiscal years of ended December 31, 2023 and 2022 and the subsequent interim period through September 30, 2024, neither the Company nor anyone acting on its behalf consulted with WWC regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company's consolidated financial statements, and neither a written report was provided to the Company nor was oral advice provided that the Company concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 16F(a)(1)(iv) and the related instructions), or a reportable event (as defined in Item 16F(a)(1)(v) of Form 20-F).
The Company would like to express its sincere gratitude to PwC for its professionalism and quality of services rendered to the Company over the past years. The Company is working closely with PwC and WWC to ensure a seamless transition.
About iClick Interactive Asia Group Limited
Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned marketing cloud platform in
For investor and media inquiries, please contact:
In China: | In | ||||||||||||
iClick Interactive Asia Group Limited | Core IR | ||||||||||||
Catherine Chau | Tom Caden | ||||||||||||
Phone: +852 3700 9100 | Phone: +1-516-222-2560 | ||||||||||||
E-mail: ir@i-click.com | E-mail: tomc@coreir.com | ||||||||||||
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SOURCE iClick Interactive Asia Group Limited
FAQ
Why did iClick Interactive Asia Group (ICLK) change its auditor?
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