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Galaxy Payroll Group Limited ( (GLXG) ) has issued an update.
On May 12, 2025, Galaxy Payroll Group Limited’s Board of Directors, following the Audit Committee’s recommendation, dismissed Marcum Asia CPAs LLP as its independent auditor and appointed Guangdong Prouden CPAs GP as the new auditor. This change, effective immediately, comes after the former auditor’s reports for fiscal years 2023 and 2024 showed no adverse opinions or disagreements. However, material weaknesses in internal controls were identified, including inadequate segregation of duties and insufficient financial reporting personnel, which may impact the company’s financial reporting and stakeholder confidence.
More about Galaxy Payroll Group Limited
Galaxy Payroll Group Limited operates in the financial services industry, focusing on payroll management solutions. The company provides comprehensive payroll services, catering to businesses seeking efficient and reliable payroll processing.
Average Trading Volume: 1,417,496
Technical Sentiment Signal: Strong Sell
See more data about GLXG stock on TipRanks’ Stock Analysis page.