Summary by Moomoo AI
On January 16, 2024, Tingo Group, Inc., a Delaware-incorporated company listed on the NASDAQ Capital Market under the trading symbol TIO, reported a significant change in its financial oversight. The company announced that its independent registered public accounting firm, Deloitte Israel, part of the Deloitte Global Network, resigned effective immediately. This resignation follows a Securities and Exchange Commission (SEC) complaint filed against Tingo Group on December 18, 2023, and a sealed indictment by the Department of Justice unsealed on January 2, 2024. The complaint led to the audit committee's decision on December 23, 2023, to declare the company's 2022 consolidated financial statements, included in the Annual Report on Form 10-K for the year ended December 31, 2022, unreliable. Deloitte Israel's report on the 2022 financial statements had not...Show More
