Cordlife announces KPMG's exit following FY2023 report

KPMG's retirement follows their "Disclaimer of Opinion" on the group's FY2023 financial statements.

Cordlife Group Limited has announced that KPMG LLP (KPMG) will retire as the company's external auditors and will not seek re-appointment at the upcoming annual general meeting for the financial year ended 31 December 2023 (FY2023 AGM).

Following the conclusion of the FY2023 AGM, KPMG will cease to be the auditor of the company.

In a statement issued on 25 April, Cordlife confirmed that KPMG has issued a "Disclaimer of Opinion" in its independent auditor's report dated 24 April concerning the consolidated financial statements of the group for FY2023.

Cordlife clarified that there were no disagreements with KPMG on accounting treatments in the past 12 months leading up to the announcement date.

“The Disclaimer of Opinion was not raised as a reason for KPMG's decision to retire and not seek re-appointment as auditor of the Company at the FY2023 AGM,” it added.

ALSO READ: Cordlife directors seek court block on share issue

The company also said that it is unaware of any other circumstances related to KPMG's decision that should be brought to the attention of shareholders.

Cordlife is now actively searching for a new auditor and will seek shareholder approval for the appointment soon.

Follow the link s for more news on

Cordlife Group

KPMG

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia