WorldStage– Cable and wire manufacturing firm Cutix Plc has formally notified the Nigerian Exchange Limited (NGX), its shareholders, and the investing public of the resignation of its external auditor, Messrs. Ngozi Monica & Co. (Chartered Accountants).
According to a corporate filing submitted to the exchange, the external audit firm issued a formal notice of resignation from its role as independent auditor to the company.
Key Highlights from the Disclosure:
Auditor Departure: Messrs. Ngozi Monica & Co. (Chartered Accountants) has officially tendered its resignation as the external auditor of Cutix Plc.
Regulatory Compliance: The disclosure was made in compliance with the provisions of the Companies and Allied Matters Act (CAMA) 2020 and the rules of the NGX regarding corporate disclosures and changes in key professional service providers.
Transition & Replacement: The Board of Directors confirmed that process arrangements are currently underway to recommend and appoint a new firm of external auditors, subject to necessary approvals from regulatory authorities and shareholders.
The Nnewi-based manufacturer assured shareholders and stakeholders that the transition in external audit services will be managed smoothly to maintain the integrity of its ongoing financial reporting and governance standards.
