Baker Tilly Hong Kong quits Asian Citrus audit after failure to agree fee

BAKER TILLY’S Hong Kong arm has resigned its audit of Asian Citrus Holdings Limited after an agreement could not be reached on the audit fee for the financial year ending 30 June 2016.

HLB Hodgson Impey Cheng has been appointed as the new auditor of Asian Citrus in order to fill the vacancy.

In a statement to market, Asian Citrus said Baker Tilly confirmed that there are no circumstances connected with its resignation as the auditor that should be brought to the attention of the members or creditors of the company. Its board further confirmed that Baker Tilly has not yet commenced any audit work on the financial statements of the company and its subsidiaries for the financial year ending 30 June 2016.

It was also confirmed there are no disagreements or outstanding matters between the Asian Citrus and Baker Tilly.