31 Oct 2024 (Johannesburg Stock Exchange) – AYO Technology Solutions Limited has reported that Thawt Inc., one of their joint external auditors, will be stepping down from this role starting October 30, 2024. This decision was formally disclosed by the company’s board of directors following adherence to the regulations set forth by the JSE Listings Requirements.
Thawt Inc. attributed the rise in entity-specific ongoing risks as the cause for their withdrawal. This choice impacts the audit assignment involving AYO Technology Solutions, which is part of the specified market segment at the Johannesburg Stock Exchange.
Based on data provided by the Johannesburg Stock Exchange (JSE), the departure of the previous auditor has left Crowe JHB Inc. as the only external auditor for the firm. Crowe will proceed with the audit process for the fiscal year concluding on August 31, 2024.
Thawt Inc. has stated its dedication to providing the required support to Crowe JHB Inc. in order to finalize the audit for the fiscal year 2024. The partnership is intended to facilitate a seamless handover and maintain the accuracy of AYO Technology Solutions’ financial disclosures.
Provided by SyndiGate Media Inc.
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