Monitor the next annual report for any changes in audit qualifications or financial statement adjustments under the new auditor. The going concern note from FY2025 remains a point of caution for investors.
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Executive Summary
Phaos Technology Holdings (Cayman) Ltd has dismissed its former auditor, Kreit & Chiu CPA LLP, and appointed AssentSure PAC as its new independent registered public accounting firm, effective March 31, 2026. The change was approved by the audit committee and board, with no reported disagreements or reportable events with the prior auditor.
Key Facts
- Kreit & Chiu CPA LLP was dismissed as auditor effective March 31, 2026.
- AssentSure PAC was appointed as the new auditor effective March 31, 2026.
- The prior auditor's reports for FY2025, 2024, and 2023 contained no adverse opinions or disclaimers, but included a going concern explanatory paragraph for FY2025.
- No disagreements or reportable events were disclosed with the former auditor.
- The change was approved by the audit committee and board of directors.
Financial Impact
No direct financial impact disclosed; auditor change does not affect financials directly.
Risk Factors
- The prior auditor's going concern qualification for FY2025 raises questions about the company's financial stability.
- Frequent auditor changes could signal governance or financial reporting instability, especially for a small-cap company.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-018085 |
| Exhibit: ex16-1.htm | 0001493152-26-018085 |
| Document: 0001493152-26-018085-index-headers.html | 0001493152-26-018085 |
| Document: 0001493152-26-018085-index.html | 0001493152-26-018085 |
| Document: 0001493152-26-018085.txt | 0001493152-26-018085 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $1.45 | awaiting T+5 | — | $1.25 (+14.14%) |
Oct 16, 2026 11d ago | 6-K | $2.63 $1.50 | ▼ −42.97% | ▼ −42.82% | $1.25 (−52.66%) |
Oct 16, 2026 11d ago | Press Release | $2.63 $1.50 | ▲ +42.97% | ▲ +42.82% | $1.25 (+52.66%) |
Oct 2, 2026 25d ago | 6-K | $0.1400 $0.1380 | ▼ −1.43% | ▼ −2.59% | $1.25 (+789.29%) |
Sep 30, 2026 27d ago | 6-K | $0.1780 $0.1420 | ▲ +20.22% | ▲ +21.53% | $1.25 (−599.44%) |
Sep 18, 2026 5w ago | 6-K | $0.1640 $0.1680 | ▲ +2.44% | ▲ +1.17% | $1.25 (+659.15%) |
Sep 4, 2026 7w ago | 6-K | $0.1660 $0.1642 | ▼ −1.08% | ▲ +0.03% | $1.25 (+650.00%) |
Aug 11, 2026 11w ago | Press Release | $0.1983 $0.1691 | ▼ −14.73% | ▼ −14.32% | $1.25 (+527.84%) |
Apr 20, 2026 27w ago | 6-K | $2.18 $2.14 | ▼ −1.83% | ▼ −2.92% | $1.25 (−42.89%) |
Apr 13, 2026 28w ago | 6-K | $1.95 $2.18 | ▲ +11.79% | ▲ +10.40% | $1.25 (−36.15%) |
US Market Status
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