SecureTech Innovations Engages Marcum Asia as Independent Registered Public Accounting Firm
SecureTech Innovations, Inc. (OTCQB: SCTH) said it hired Marcum Asia CPAs LLP as its new independent registered public accounting firm effective July 31, 2026, replacing Gary Cheng CPA Limited. The company also completed a restatement correcting two balance-sheet classifications for 2025 and interim 2026 periods, which it said do not change previously reported revenue or cash position.
How this was made
The 30-second read
Why it matters
The engagement of a PCAOB-registered firm and completion of a restatement are intended to strengthen financial reporting credibility ahead of uplisting, but they also introduce near-term diligence and filing-risk considerations.
Market read
This is a governance and reporting-quality catalyst for SCTH, relevant for traders monitoring uplisting readiness and SEC/filing risk rather than operating performance.
What to watch
Traders may focus on whether SEC review or Nasdaq listing requirements trigger additional amendments, and whether the new auditor’s quarterly reviews uncover further issues.
Background
SecureTech is an OTC-listed diversified technology holding company planning a Nasdaq listing and scaling U.S. operations.
Ticker impact
SecureTech (OTCQB: SCTH) hired Marcum Asia as its new PCAOB-registered auditor effective July 31, 2026, replacing GCCPA.
Likely modest, two-sided reaction in an OTC name, with follow-through tied to Nasdaq listing progress and any SEC comment risk.
The article discloses a fresh primary event (auditor engagement) and a completed restatement, but provides no quantitative financial impact and frames balance-sheet items as non-impacting revenue and cash.
Market effects
For small-cap tech issuers, auditor transitions and restatements can affect perceived governance quality and access to uplisting capital.
Limited direct regional impact; the story emphasizes cross-border operations (U.S. plus Hong Kong/mainland China).
Low, as the disclosure is company-specific and not a sector-wide regulatory or accounting standard change.
Counterpoint
The restatement, even if presentation-only, can signal underlying process weaknesses; auditor switching may be reactive rather than purely proactive.
Key entities
- issuerSecureTech Innovations, Inc.
OTCQB-listed company announcing a new independent auditor and completion of a balance-sheet restatement.
- auditorMarcum Asia CPAs LLP
PCAOB-registered firm engaged effective July 31, 2026 to conduct quarterly reviews and the FY2026 audit.
- auditorGary Cheng CPA Limited (GCCPA)
Previous independent auditor replaced by Marcum Asia; re-engaged on limited scope to support restatement-related reviews.
