StockNews.AI
COE
StockNews.AI
22 days

51Talk Online Education Group Announces Engagement of Ernst & Young LLP, as the Company's Independent Registered Public Accounting Firm

1. 51Talk replaces Marcum with Ernst & Young as auditor effective September 2025. 2. No disagreements reported in the transition between auditing firms. 3. The new firm will audit 51Talk's consolidated financial statements for 2025.

6m saved
Insight
Article

FAQ

Why Neutral?

Changes in auditing firms typically do not influence stock prices significantly unless there are issues.

How important is it?

While auditor changes can reflect on company management quality, this transition appears routine.

Why No Impact?

The auditor change does not impact immediate financial performance or market perception.

Related Companies

EDUXRSDLVIPATXS
, /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, today announced that on August 29, 2025, the audit committee of its board of directors and the board of directors have approved the dismissal of Marcum Asia CPAs LLP ("Marcum") as its independent registered public accounting firm, effective immediately, and the engagement of Ernst & Young LLP as the Company's new independent registered public accounting firm, effective on September 3, 2025. Ernst & Young LLP will be engaged to audit the annual consolidated financial statements of the Company and its subsidiaries (the "Group") filed with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2025. This transition was not the result of any disagreements or unresolved matters with Marcum, the incumbent auditor of the Company, and there are no matters with respect to this transition that need to be brought to the attention of the Company's shareholders. The Company is grateful to Marcum for its past services to the Company. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About 51Talk Online Education Group 51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. SOURCE 51Talk Online Education Group WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News