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IT Tech Packaging Auditor Resigns After Dispute Over $1.05M CEO Loan Accounting

Sep 1, 2026 · 02:45 PM ET· updated 1h ago

On August 27, 2026, Montis CPA Limited ("Montis") notified the audit committee (the "Audit Committee") of the Board of Directors (the "Board") of IT Tech Packaging, Inc. (the "Company")

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Why It Matters

The person checking IT Tech Packaging's money left their job because the company and auditor disagreed about how a $1.05 million loan to the CEO was recorded in the books. When auditors and companies disagree about accounting, it's a sign to pay closer attention to how the company handles money.

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