Koda Moves to Replace Deloitte With Forvis Mazars to Cut Audit Costs

The latest update is out from Koda Ltd. ( (SG:BJZ) ).

Koda Ltd plans to replace long-time auditor Deloitte & Touche LLP with Forvis Mazars LLP from the financial year ending 30 June 2026 onward, subject to shareholder approval at an upcoming extraordinary general meeting. Deloitte has served as the company’s auditor since July 2000 and was most recently reappointed at the October 2025 annual general meeting.

The Board, in consultation with the Audit Committee, argues that the change supports better corporate governance by introducing fresh perspectives while also cutting total audit fees by an estimated 27.9% without altering audit scope. In selecting Forvis Mazars, the Board evaluated regulatory guidance, ACRA audit quality indicators, the firm’s registration status, the experience and regulatory review outcome of proposed engagement partner Ooi Chee Keong, and overall fee levels, signalling an emphasis on both audit quality and cost efficiency for stakeholders.

The most recent analyst rating on (SG:BJZ) stock is a Hold with a S$0.36 price target. To see the full list of analyst forecasts on Koda Ltd. stock, see the SG:BJZ Stock Forecast page.

More about Koda Ltd.

Koda Ltd is a Singapore-incorporated company that operates through a group structure, though the specific industry and core products or services are not detailed in the announcement. The company is listed and governed by a Board and Audit Committee that follow Singapore corporate governance and audit regulatory frameworks in managing its external audit function and related costs.

Average Trading Volume: 48,233

Technical Sentiment Signal: Buy

Current Market Cap: S$29.9M

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