LGL’s audited financial statement (AFS) for 2024 revealed notable discrepancies in financial figures. The company explained that these differences were due to factors such as changes in accounting methods and adjustments of provisions. Furthermore, the company received emphasized opinions from auditors concerning the viability of certain asset and capital items.
LGL is committed to adjusting and improving its financial reporting processes in the future to enhance accuracy and transparency. The company acknowledges its current limitations and will focus on training its accounting staff and updating its accounting software systems to ensure that financial information is recorded comprehensively and in a timely manner. This is aimed not only at meeting regulatory demands but also at bolstering investor confidence in LGL’s financial statements.
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