OBOK Holdings Inc. has announced a significant change in its auditing arrangements, moving from KPMG to Marcum Asia CPAs LLP as its independent registered public accounting firm. This transition, effective November 13, 2026, is a strategic decision that reflects the company's ongoing expansion efforts, particularly in the United States.

The Audit Committee of OBOK Holdings approved the dismissal of KPMG, which had served as the company’s auditor for the fiscal years ending December 31, 2025, and 2024. The decision to appoint Marcum Asia is driven by the need for a U.S.-based auditor to better align with the company's expanding operations and business development in the U.S. market.

In the filing, OBOK Holdings stated, "In addition to cost considerations, the Company’s decision to change its independent registered public accounting firm reflects the continued expansion of its OwlPay business and the Company’s increasing focus on operations and business development in the United States." This change is expected to facilitate better coordination of audit and financial reporting activities as the company grows.

OBOK Holdings, which operates in the prepackaged software industry (SIC 7372), has been focusing on enhancing its operational capabilities in the U.S. The company believes that engaging a firm with a strong presence in the U.S. will provide the necessary expertise to support its growth strategy.

The reports from KPMG for the previous fiscal years did not contain any adverse opinions or disclaimers, indicating a clean audit history. During the time KPMG was engaged, there were no disagreements between the firm and OBOK Holdings regarding accounting principles or practices.

As part of the transition process, OBOK Holdings has provided KPMG with a copy of the disclosures related to this change and requested a letter to the Securities and Exchange Commission confirming their agreement with the statements made in the filing. KPMG's response, included as Exhibit 16.1 in the report, confirms their dismissal and acknowledges the statements made by OBOK Holdings.

This transition to Marcum Asia is part of a broader trend in the prepackaged software industry, where companies are increasingly seeking local expertise to navigate the complexities of financial reporting and compliance in different markets. As OBOK Holdings continues to expand its footprint, the alignment of its audit resources with its operational needs will be crucial for its success.

Looking ahead, the company has not indicated any further actions or filings related to this change, but the appointment of Marcum Asia is expected to enhance its audit processes as it navigates its growth in the U.S. market.