KUALA LUMPUR (Feb 10): Messrs CAS Malaysia PLT has today resigned as external auditor of both Key ASIC Bhd and UCrest Bhd, as the parties were unable to “reach a consensus on the proposed audit fees” for the financial year ending May 31, 2021.
The resignation of the auditor was on a “voluntary basis”, both companies said in separate filings to the stock exchange today. CAS Malaysia s term of office as their respective external auditor will end in 21 days.
The boards of Key ASIC and UCrest further said they were “not aware of any matters that need to be brought to the attention of the shareholders” of the companies, adding they will appoint another audit firm as their new auditors.