Cypark auditor resigns after audit fee disagreement

KUALA LUMPUR: The external auditor of Cypark Resources Bhd, Messrs. Baker Tilly Monteiro Heng PLT (Baker Tilly) has resigned due to a disagreement on audit fees.

In a filing with Bursa Malaysia, Cypark said the term of the office of Baker Tilly shall end on Oct 24, which is 21 days from the date of notice of resignation pursuant to Section 281(2) of the Companies Act 2016.

“The resignation of Baker Tilly is on a voluntary basis and made on the ground of disagreement on unreasonable audit fees,” Cypark said.

It added that the company has identified the new external auditors and is currently in the midst of appointing them pursuant to Section 271(2) of the Companies Act 2016.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Cypark , auditor , Baker Tilly


Next In Business News

Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims
I-Bhd plans preference share issue

Others Also Read