Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 67

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 67
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 the qualifications of the Company’s auditors.

On May 20, 2020, the U. S. Senate passed
the Holding Foreign Companies Accountable Act (the “ HFCAA”) requiring a foreign company to certify it is not owned or controlled
by a foreign government if the PCAOB is unable to audit specified reports because the Company uses a foreign auditor not subject to PCAOB
inspection. On December 18, 2020, the HFCAA was signed into law. The HFCAA has since then been subject to amendments by the U. S. Congress
and interpretations and rulemaking by the SEC. On June 22, 2021, the U. S. Senate passed the Accelerating Holding Foreign Companies
Accountable Act, which proposes to reduce the period of time for foreign companies to comply with PCAOB audits from three to two consecutive years.
On December 29, 2022, the Consolidated Appropriations Act, 2023 (the “ CAA”) was signed into law, which officially reduced
the number of consecutive non-inspection years required for triggering the prohibitions under the HFCAA from three years to two, thus,
would reduce the time before an applicable issuer’s securities may be prohibited from trading or delisted.

On December 16, 2021, PCAOB announced the
PCAOB HFCAA determinations relating to the PCAOB’s inability to inspect or investigate completely registered public accounting firms
headquartered in mainland China and Hong Kong, because of a position taken by one or more authorities in mainland China or Hong Kong.
The inability of the PCAOB to conduct inspections of auditors in China made it more difficult to evaluate the effectiveness of these accounting
firms’ audit procedures or quality control procedures as compared to auditors outside of China that are subject to the PCAOB inspections,
which could cause existing and potential investors in issuers operating in China to lose confidence in such issuers’ procedures
and reported financial information and the quality of financial statements.

Our auditor, Marcum Asia CPAs LLP (formerly, Marcum
Bernstein & Pinchuk LLP, “ Marcum Asia”), the independent registered public accounting firm that issues the audit
report included elsewhere in this Report, as an auditor of companies that are traded publicly in the United States and a firm registered
with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess our auditor’s
compliance with the applicable professional standards. Our auditor is headquartered in Manhattan,