Jiuzi Holdings Changes Auditors, Citing No Disagreements
JZXN sits 65% above its 52-week low of $0.75.
Summary
Jiuzi Holdings announced a change in its independent auditing firm, dismissing Audit Alliance LLP and appointing Li CPA LLC, with no reported disagreements or reportable events.
Key Events · Corporate Governance and Compliance · JZXN
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Auditor Dismissal
Jiuzi Holdings Inc. dismissed its independent auditors, Audit Alliance LLP, effective June 22, 2026.
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New Auditor Engaged
The company engaged Li CPA LLC as its new independent auditors for the fiscal year ending October 31, 2026, approved by the Audit Committee and Board on June 26, 2026.
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No Disagreements Reported
The company explicitly stated there were no disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedures with Audit Alliance LLP, nor any 'reportable events'.
Analysis · JZXN · Trade & Services
Jiuzi Holdings dismissed its independent auditor, Audit Alliance LLP, and engaged Li CPA LLC. While auditor changes can sometimes signal underlying financial or accounting issues, the company explicitly stated there were no disagreements on accounting principles or reportable events with the former auditor. This suggests a routine change rather than a red flag, though any auditor change for a micro-cap company warrants attention.
At the time of this filing, JZXN was trading at $1.24 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.7M. The 52-week trading range was $0.75 to $95.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.