Questor Technology Inc. Announces Change in Auditor

CALGARY, Alberta, Dec. 01, 2023 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announces that its auditor, PricewaterhouseCoopers LLP (“Former Auditor”) on its own initiative, resigned as the auditor of the Company effective December 1, 2023 and the Board of Directors of the Company appointed MNP LLP (“Successor Auditor”) as its new auditor.

Change is inevitable in the business world, and when it comes to auditing firms, it is crucial for companies to ensure they have a reliable and competent auditor in place. The announcement of PricewaterhouseCoopers LLP resigning as the auditor of Questor Technology Inc. may come as a surprise to many, but it represents a strategic move by both parties to ensure the company’s financial statements are accurately and effectively audited.

With the appointment of MNP LLP as the new auditor, Questor is signaling a fresh start in its auditing process. MNP LLP is a well-respected auditing firm known for its expertise and professionalism in the industry. The transition to a new auditor may bring about changes in the auditing approach and procedures, but ultimately, it is aimed at strengthening the company’s financial reporting and governance.

How Will This Change Affect You?

If you are a shareholder or stakeholder of Questor Technology Inc., this change in auditor may impact you indirectly. A new auditor means a different perspective on the company’s financial health and operations. It is important to stay informed about the auditing process and any updates provided by the company to ensure transparency and trust in its financial reporting.

How Will This Change Affect the World?

While the change in auditor at Questor Technology Inc. may seem like a small event in the grand scheme of things, it reflects the larger importance of auditing practices in the business world. Auditors play a crucial role in upholding the integrity and reliability of financial statements, which in turn affects investor confidence and market stability. The appointment of a new auditor signifies a commitment to upholding high standards of transparency and accountability, not just within the company but also in the broader business community.

Conclusion

In conclusion, the change in auditor at Questor Technology Inc. marks a significant transition for the company and its stakeholders. By appointing MNP LLP as the new auditor, Questor is taking proactive steps to ensure the integrity of its financial reporting and governance practices. This move underscores the company’s commitment to upholding transparency and accountability, which are essential values in today’s business landscape.