Hor Kew (SGX:BBP) plans to switch auditors to Moore Stephens from Baker Tilly TFW for the financial year ending Dec. 31, according to a Wednesday filing on the Singapore Exchange.
The change, driven by cost-saving initiatives, is expected to reduce audit fees by SG$41,000.
The proposal follows an evaluation of Moore Stephens' qualifications. Baker Tilly resigned as auditor, effective Nov.18, after obtaining consent from ACRA.