Global Mofy Ai Discloses Material Weakness in Internal Controls
Global Mofy Ai Ltd. has announced a change in its independent registered public accounting firm, terminating YCM CPA INC. effective October 20, 2025, and appointing Golden Ocean FAC PAC as its new auditor. The company reported no disagreements with YCM CPA INC. regarding accounting principles, financial statement disclosures, or auditing procedures. However, a material weakness was identified in the company's internal control over financial reporting, specifically due to insufficient financial reporting personnel knowledgeable in U.S. GAAP and SEC requirements, lack of comprehensive accounting policies, and inadequate information technology general controls over its financial systems. This weakness was previously disclosed in the company's annual report for the fiscal year ended September 30, 2024.
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