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News Breaks
July 18, 2014
07:10 EDTNQNQ Mobile engages Marcum Berstein & Pinchuk as independent auditor
NQ Mobile announced that it has engaged Marcum Bernstein Pinchuk as its independent Registered Public Accountant. The company's Audit Committee has dismissed PricewaterhouseCoopers Zhong Tian LLP as its Independent Auditor. Effective immediately, the company's Audit Committee has engaged MBP as its new Independent Auditor with respect to the fiscal year 2013 and subsequent periods. Following consultation with PwC, the Company's Audit Committee confirms that there is no disagreement between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. PwC advised the company and the Audit Committee that the observations referred to in the company's press release reporting on the Special Committee's Independent Investigation dated June 4, regarding questions related to electronic data collected by the Investigation Team would require it to expand the scope of its work and, if investigated further, may cause it to be unwilling to rely on management representations in connection with its audit work.
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