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.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up