Latest news with #auditor
Globe and Mail
4 days ago
- Business
- Globe and Mail
Indico Resources Announces Change of Auditor
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Indico Resources Ltd. (TSXV: IDI.H) (the " Company") announces that it has changed its auditors from Smythe LLP (" Former Auditor") to Crowe MacKay LLP (" Successor Auditor"). The Former Auditor was terminated as the auditor of the Company by the Company effective July 15, 2025, and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective July 15, 2025, until the next Annual General Meeting of the Company. There were no reservations in the Former Auditor's audit reports for the relevant period, being the previous two financial years of the Company, and any period subsequent to the most recently completed financial year for which an audit report was issued and preceding the resignation of the Former Auditor. In accordance with National Instrument 51-102 - Continuous Disclosure Obligations (" NI 51-102"), the Company has filed a Change of Auditor Notice (the " Notice") on SEDAR together with letters from both the Former Auditor and Successor Auditor, with each lettering confirming agreement with the statements contained in the Notice, as applicable. There were no reportable events as defined in NI 51-102 between the Former Auditor and the Company. About Indico Resources Ltd. Indico is a mineral resource exploration company focused on the discovery and exploration of porphyry copper gold deposits. On behalf of Indico Resources Ltd., Brian Kerzner Chief Executive Officer For further information, please contact: Brian Kerzner brian@ Scott M. Ross sross@ 604-803-4883 "Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." To view the source version of this press release, please visit
Yahoo
6 days ago
- Business
- Yahoo
Alberta AG reports cite child care overpayments, millions in ineligible pandemic payments
Alberta's auditor general has found that parents may have overpaid for child care due to a lack of provincial oversight of its subsidy program, and, that a pandemic assistance program for small businesses may have distributed more than $155 million to ineligible applicants. Auditor General Doug Wylie separately released on Thursday a performance audit of the Child Care Subsidy and Grants Program, and an assessment of how the province had implemented its Small and Medium Enterprise Relaunch Grant Program. The child care audit reported on how $1.1 billion in public funding was managed within the program during 2023-2024. The audit found that the department didn't consistently ensure claims from operators were supported or that funding from subsidies and grants were used to reduce parents fees and pay educators. 'There is a risk of overpayment by the department and a risk that parents are overpaying for child care and educators are being under compensated,' Wylie stated in a news release. 'Albertans should have confidence that these funds are achieving the program's purpose — to reduce child care costs for families and support educators.' Fourteen of 25 operators sampled in a single month had at least one discrepancy, and three had more significant issues including one instance where an overstated claim led to an overpayment by the department of more than $26,000 for that month. Wylie also noted the program had been administered by three different ministries in as many years, leading to 'significant delays' in completing his report. Postmedia has sought comment from the office of Education and Childcare Minister Demetrios Nicolaides. In a statement, Opposition children and family services critic Diana Batten accused the government of short-changing parents and also noted the province's April cancellation of its income-tested subsidy that some parents say has sent child care costs skyrocketing. 'Smith and her uncaring government have delivered a double hit to parents struggling to afford child care, making it even more expensive. It's a failure to live up to their responsibility, improper management of public funds, and it's just cruel.' Pandemic program overpaid $158M: Auditor general A second report from Wylie's office follows-up on a 2022 audit of the provincial program designed to help businesses affected by pandemic public health measures. The auditor general then recommended that the government take steps to verify the eligibility of those who received funding. Thursday's report estimates that following that verification process by the government an estimated $158 million in ineligible program payments had been made. The department projects the value of ineligible payments was significantly lower, at between $52.5 million and $105 million. 'Program effectiveness should not only be measured by getting money out the door quickly, but also by whether the program achieves its intended results,' Wylie stated in a news release. He noted the department had focused on high-risk eligibility verifications but believed further post-payment verifications of other applications would produce diminishing returns. 'Without completing that analysis, the department would not be able to conclude on the eligibility of the majority of program applications,' he wrote in recommending further processes to verify eligibility. The report states the ministry of Jobs, Economy, Trade and Immigration is in the process of recovering $7.6 million of payments to identified ineligible, overpaid, and non-responder recipients, and that $1.4 million has been recovered so far. Postmedia has sought comment from the office of Jobs, Economy, Trade and Immigration Minister Joseph Schow. mblack@ Bookmark our website and support our journalism: Don't miss the news you need to know — add and to your bookmarks and sign up for our newsletters here. You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. Support us by subscribing today: The Edmonton Journal | The Edmonton Sun.
National Post
10-07-2025
- Business
- National Post
Newly Elected Directors of Sinovac Hold the First Board Meeting
Article content New Board Unanimously Resolved to Explore Future Dividend Plans, Conduct Search for New Auditor for Resuming NASDAQ Trading, and Restore Stable Operations of the Company, Amongst Other Things Article content BEIJING — Sinovac Biotech Ltd. (NASDAQ: SVA) (SINOVAC or the Company), a leading provider of biopharmaceutical products in China, today announced the new board of directors of the Company (the Board), comprising Mr. Simon Anderson, Mr. Shan Fu, Mr. Shuge Jiao, Mr. Chiang Li, Mr. Yuk Lam Lo, Mr. Yumin Qiu, Mr. Yu Wang, Ms. Rui-Ping Xiao, Mr. Andrew Y. Yan and Mr. Yin Weidong (collectively, the new Directors), held its first meeting today at the Company's headquarters in Beijing. Article content This meeting is the first Board meeting held after the new Directors were elected to the Board at the Special Meeting of the Company held on July 8, 2025, at 8:00 p.m. Atlantic Standard Time. At the Special Meeting, 33,248,861 votes (or 54.71% of the total votes present and voting at the Special Meeting) were voted in favor of the election of the new Directors. Article content The meeting was attended by eight of the ten new Directors, and another new Director who was absent from the meeting due to a schedule conflict expressed his support for the Board. As the first item on the agenda, the Directors elected Mr. Andrew Y. Yan, Managing Partner of SAIF Partners, as the Chairman of the Board. Throughout the meeting, the Board stressed its unwavering commitment to shareholder value creation and its intent to explore future dividend plans. Further, as the first steps to rectify the disruptions and chaos created by the previous board of the Company, the Board unanimously resolved that it will work diligently with the management and the advisors of the Company to appoint a new auditor of the Company so that the trading of the Company's shares on NASDAQ can be resumed as soon as possible, to properly and legally resolve the Company's ongoing litigations with shareholders, and to take necessary steps to defend the election results of the Special Meeting and restore stable operations of the Company. To this end, the Board declared that no individual or entity shall be entitled to represent the Company unless they are properly authorized by the Board or the management. Article content At the meeting, the Board confirmed that Mr. Yin Weidong shall continue to serve as Executive Director and Chief Executive Officer of the Company. The Board thanked the current management for their extraordinary efforts in the past few years in navigating the Company through various challenges and confirmed its support of the current management to continue to lead the Company. Mr. Yin Weidong thanked the Board for its trust and expressed his confidence in the Company under the leadership of the Board. Article content Mr. Andrew Y. Yan, Chairman of the SINOVAC Board, commented, 'I am honored to be elected Chairman at this pivotal moment in SINOVAC's journey. With the support of our new Board, which fairly represents all shareholders' interest, we are committed to rebuilding trust, enhancing transparency, and delivering long-term value to our shareholders. This marks the beginning of a new era for the Company—one grounded in sound governance, operational excellence, and global ambition. I am confident that, together with management, we will lead SINOVAC into a stronger, more sustainable future.' Article content About SINOVAC Article content Sinovac Biotech Ltd. (SINOVAC) is a China-based biopharmaceutical company that focuses on the R&D, manufacturing, and commercialization of vaccines that protect against human infectious diseases. Article content SINOVAC's product portfolio includes vaccines against COVID-19, enterovirus 71 (EV71) infected Hand-Foot-Mouth disease (HFMD), hepatitis A, varicella, influenza, poliomyelitis, pneumococcal disease, etc. Article content The COVID-19 vaccine, CoronaVac®, has been approved for use in more than 60 countries and regions worldwide. The hepatitis A vaccine, Healive®, passed WHO prequalification requirements in 2017. The EV71 vaccine, Inlive®, is an innovative vaccine under 'Category 1 Preventative Biological Products' and commercialized in China in 2016. In 2022, SINOVAC's Sabin-strain inactivated polio vaccine (sIPV) and varicella vaccine were prequalified by the WHO. Article content SINOVAC was the first company to be granted approval for its H1N1 influenza vaccine Panflu.1®, which has supplied the Chinese government's vaccination campaign and stockpiling program. The Company is also the only supplier of the H5N1 pandemic influenza vaccine, Panflu®, to the Chinese government stockpiling program. Article content SINOVAC continually dedicates itself to new vaccine R&D, with more combination vaccine products in its pipeline, and constantly explores global market opportunities. SINOVAC plans to conduct more extensive and in-depth trade and cooperation with additional countries, and business and industry organizations. Article content Safe Harbor Statement Article content This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. Such statements are based upon current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's or Board's control, which may cause actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company and Board do not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Article content Article content Article content Article content Article content Article content
Telegraph
08-07-2025
- Business
- Telegraph
Worker ‘labelled old git by boss' sues for age discrimination
A 60-year-old auditor who claimed his boss called him an 'old git' at work has sued for age discrimination. Ashok Ahir claimed that his age led his colleagues at a high street jewellery company to doubt his ability to carry out his job, which included physically counting the jewellery items in the company's inventory. Mr Ahir alleged that Jeremy Hinds, retail director and part of the family who began the business, called him an 'old git' while the pair were having dinner after work. The assistant then resigned the following year after being offered either a month's notice or a demotion because of his inability to do 'relatively simple tasks', the panel heard. Dismissed claims The tribunal found that he could not prove the remarks had been made and dismissed his claims of direct discrimination entirely. The hearing, held in Watford, was told that Mr Ahir began working for F Hinds jewellery company as an internal audit assistant in September 2022. He turned 60 in 2023 and was receiving 'on-the-job training' for his new role. In March 2023, Mr Ahir claimed that after mentioning his ex-girlfriend owned a convertible Mazda, Mr Hinds, in his thirties at the time, said 'Ash you old git' while the pair were having dinner. 'Belittling' comment The assistant auditor told the tribunal he was 'shocked, offended, and humiliated' by the 'belittling' comment. He added that he did not feel he could speak up about the alleged incident at the time because Mr Hinds was a director and he feared putting his job 'in jeopardy'. At the tribunal, Mr Hinds denied commenting and said Mr Ahir had not raised it during an internal grievance process. The line manager also told the hearing that the incident had not been reported to him, despite the assistant auditor claiming he had raised it. In September 2023, Mr Ahir claimed a similar incident took place when a colleague kept telling him he was 'old' on the way back from a job. 'Genuine concern' However, Judge Daley once again found that there was not enough evidence for Mr Ahir to prove that this comment was made. The tribunal found that the company's performance worries came from 'genuine concern' and had no link to Mr Ahir's age. Judge Monica Daley found she could not be satisfied that the remark had been made and dismissed Mr Ahir's claim. She said: 'The Tribunal carefully considered the evidence as set out in Jeremy Hinds' notes; it noted that there was no record of this having been reported at the time. 'The remark was not included in the original grievance, and [Mr Ahir's line manager] denies that the remark had been reported to him. 'Having considered all the evidence, the Tribunal could not be satisfied that the remark had been made on a balance of probabilities.'
Globe and Mail
05-07-2025
- Business
- Globe and Mail
Prime Drink Group Announces Change of Auditor
MONTREAL, July 04, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) ('Prime') announces that it has changed its auditors from MNP LLP (" Former Auditor") to Horizon Assurance LLP (" Successor Auditor"). The Former Auditor resigned as the auditor of the Company on its own initiative effective June 25, 2025, and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective June 30, 2025, until the next Annual General Meeting of the Company. There were no reservations in the Former Auditor's audit reports for the relevant period, and any period subsequent to the most recently completed financial year for which an audit report was issued and preceding the resignation of the Former Auditor. In accordance with National Instrument 51-102 - Continuous Disclosure Obligations (" NI 51-102"), the Company has filed a Change of Auditor Notice on July 3, 2025 with respect to the resignation of the Former Auditor and the appointment of the Successor Auditor (the " Notice") on SEDAR+ together with letters from both the Former Auditor and Successor Auditor, with each letter confirming agreement with the statements contained in the respective Notices, as applicable. There were no reportable events as defined in NI 51-102 between the Former Auditor and the Company. FOR FURTHER INFORMATION PLEASE CONTACT:
