PTL Limited Replaces Auditor After Citing Internal Control Weakness

Reuters2025-10-28

PTL Limited Replaces Auditor After Citing Internal Control Weakness

PTL Limited announced a change in its independent registered public accounting firm, dismissing J&S ASSOCIATE PLT effective October 22, 2025, and appointing FundCertify CPA Professional Corporation, Inc. as its new auditor. The company reported that there were no disagreements with J&S on accounting principles or practices, financial statement disclosures, or audit procedures. However, PTL Limited did disclose a material weakness in its internal control over financial reporting, specifically citing insufficient financial reporting and accounting personnel with U.S. GAAP expertise and several IT deficiencies, including a lack of formal IT policies and procedures. These issues had previously been disclosed in the company's annual report for the fiscal year ended December 31, 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PTL Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-102627), on October 27, 2025, and is solely responsible for the information contained therein.

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