Emperor International Switches Auditor to Grant Thornton in Audit Fee Dispute

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2026.05.13 14:37
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Emperor International Holdings Limited has appointed Grant Thornton as its new auditor, replacing Deloitte due to a dispute over audit fees for the year ending March 31, 2026. Deloitte's proposed fee of HK$4.5 million was deemed excessive, while GT offered HK$2.8 million. The audit committee stated that GT's lower fee reflects commercial differences, not a reduction in audit quality. The engagement will involve a team of at least 15 members and over 3,500 audit hours, aligning with the company's cost-effectiveness measures.