8-K: Society Pass Appoints AOGB CPA as New Auditor

Society Pass Incorporated announced a change in its independent registered public accounting firm, dismissing Onestop Assurance PAC and appointing AOGB CPA Limited.

Summary

• The Board of Directors of Society Pass Incorporated approved the dismissal of Onestop Assurance PAC as the company's independent registered public accounting firm.
• AOGB CPA Limited was appointed as the new independent registered public accounting firm for the fiscal year ended December 31, 2025.
• The change was effective on January 06, 2026.
• Audit reports from Onestop for fiscal years 2024 and 2023 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
• There were no disagreements with Onestop on accounting principles, financial statement disclosure, or auditing scope/procedure during the fiscal years ended December 31, 2024 and 2023, or the subsequent interim period through January 06, 2026.
• No reportable events, as defined by Regulation S-K, occurred during the specified periods with Onestop.
• Neither the company nor anyone on its behalf consulted with AOGB regarding accounting principles or audit opinions prior to AOGB's appointment.

Sentiment

Score: 5

Explanation: The filing reports a routine change in the company's independent registered public accounting firm without any reported disagreements or reportable events, indicating a neutral impact on company sentiment.

Positives

• The change in auditors occurred without any reported disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
• There were no reportable events with the previous auditor, Onestop Assurance PAC, indicating a clean transition.

Future Outlook

The newly appointed auditor, AOGB CPA Limited, will be responsible for auditing the company's consolidated financial statements for the fiscal year ended December 31, 2025.

Management Comments

• Raynauld Liang, Chief Executive Officer, signed the report on behalf of Society Pass Incorporated.

Industry Context

Changes in independent registered public accounting firms are a routine corporate governance matter for publicly traded companies. Such changes can occur for various reasons, including seeking new expertise, cost efficiencies, or simply a periodic review of audit services. The absence of reported disagreements or reportable events suggests this change is procedural rather than indicative of underlying financial or accounting issues, aligning with standard practices for a clean transition.

Corporate Governance

Stakeholder Impact

• Shareholders: The change ensures continued independent financial oversight, which is crucial for investor confidence and transparency.
• Management: Will work with a new auditing firm for future financial reporting and compliance.

Next Steps

• AOGB CPA Limited will serve as the independent registered public accounting firm for the fiscal year ended December 31, 2025.

Key Dates

Recommendation

The filing details a routine change of independent auditors without any reported disagreements or issues. This procedural update does not provide new material information that would fundamentally alter the company's financial outlook or operational performance, thus warranting a 'hold' recommendation as the investment thesis remains unchanged.

Keywords

Society Pass, SOPA, auditor change, accounting firm, Form 8-K, SEC filing, corporate governance, independent auditor