Flag Ship Acquisition replaced auditor MaloneBailey with Wei, Wei & Co. for the year ending Dec. 31, 2026, effective July 20, 2026.
MaloneBailey’s prior audit reports were not adverse or disclaimed, but included a going-concern paragraph tied to a net capital deficiency.
No accounting or audit disagreements were reported with MaloneBailey through its dismissal.
The 2025 annual filing flagged material weaknesses in internal controls, including segregation-of-duties gaps and limited written accounting and IT procedures.
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