RemSense Technologies Selects HLB Mann Judd as Auditor Following BDO's Departure

BDO Audit Ends Five-Year Tenure as RemSense's Auditor

On 2 July 2026, RemSense Technologies Limited confirmed the resignation of BDO Audit Pty Ltd as its external auditor, ending a continuous engagement of approximately five years since the company's ASX listing. The Board expressed gratitude to BDO and its partners for their service throughout this period.

The auditor resignation followed legal requirements under the Corporations Act 2001, with ASIC granting consent pursuant to section 329(5), ensuring compliance with Australia's corporate regulations. The company did not disclose specific reasons for BDO's resignation but noted that the Board had been reviewing its external audit needs.

Board Review Considered Audit Quality, Fees, and Operational Fit Prior to Selecting HLB

According to the company, the auditor change was a proactive decision following a Board-led review of external audit requirements. This assessment focused on audit quality, service capability, fee structure, and alignment with RemSense's operational demands as a technology business serving global energy and resources clients.

The Board’s multi-faceted evaluation highlights a deliberate approach tailored to RemSense’s current development stage. Neither audit fees with BDO nor HLB Mann Judd were disclosed, nor were comparative fee details provided. Investors seeking such financial information should consult upcoming Annual Reports or AGM documentation.

Competitive Tender Process Led to HLB Mann Judd Appointment

Rather than appointing a successor auditor directly, RemSense conducted a formal tender and consultation process involving several qualified audit firms. This governance measure underscores that HLB Mann Judd’s selection resulted from competitive evaluation rather than default choice.

HLB Mann Judd was chosen based on its extensive experience with ASX-listed companies, demonstrated audit capabilities, and operational compatibility with RemSense. The announcement did not specify other firms involved or detail the weighting of evaluation criteria, nor disclose the number of firms assessed.

HLB Mann Judd’s Experience with ASX-Listed Entities Key to Selection

HLB Mann Judd is a respected accounting and advisory network in Australia, notably among small to mid-cap ASX-listed companies. RemSense highlighted the firm’s depth of experience with listed entities as a primary factor, reflecting the Board’s emphasis on familiarity with regulatory, disclosure, and governance requirements applicable to Australian public companies.

For RemSense, which provides digital asset visualisation and proprietary platforms to global energy and resources clients, having an auditor versed in ASX-listed technology and resources-adjacent sectors is expected to facilitate efficient audit processes and a deeper understanding of its business model. The Board views this industry expertise as a practical operational advantage beyond compliance.

ASIC Consent Under Section 329(5) Ensures Compliance in Auditor Transition

BDO’s resignation was processed under section 329(5) of the Corporations Act 2001, requiring ASIC’s consent before an auditor of a listed public company can resign. This safeguards shareholders by preventing audit transitions from circumventing scrutiny or ongoing obligations.

ASIC’s approval confirms the resignation adhered to legal protocols, assuring shareholders of a transparent and lawful process. RemSense’s disclosure of this detail reflects sound corporate governance and allows market participants to verify the transition’s legitimacy.

Shareholders to Ratify HLB Mann Judd Appointment at 2026 AGM

In compliance with section 327C of the Corporations Act 2001, RemSense will seek shareholder ratification of HLB Mann Judd’s appointment at the 2026 Annual General Meeting. This standard procedure ensures shareholders have the opportunity to approve or question the Board’s auditor selection.

The exact date of the 2026 AGM has not been announced. Investors should watch for the AGM notice, which will include the ratification resolution and explanatory materials. While typically a routine matter, the vote represents an important governance checkpoint for market participants.

Potential Implications of Auditor Change on Financial Reporting

Transitioning auditors mid-cycle can affect financial reporting timelines as the new auditor familiarises itself with accounting systems, controls, and prior financials. RemSense has not indicated whether the switch to HLB Mann Judd will impact upcoming reporting deadlines, including full-year or half-year reports.

The announcement did not detail handover arrangements or transition milestones. Investors monitoring RemSense’s reporting schedule should note the auditor change and await any updates on reporting timelines. The next significant event will be the filing of audited financial statements under HLB Mann Judd’s engagement.

RemSense’s Core Offering: Digital Asset Visualisation for Energy and Resources Sector

RemSense Technologies specialises in advanced digital asset visualisation through its proprietary virtualplant platform. This technology converts high-resolution 3D imagery into intelligent digital twins—immersive, data-integrated representations of physical assets—to help energy and resources clients improve productivity, safety, and reduce costs. The company combines precision photogrammetry with robust data integration to serve a global customer base.

Although the auditor change is primarily an administrative and governance event, it occurs within a capital-light, high-technology service context. Maintaining strong audit and governance frameworks is crucial for technology firms like RemSense aiming to expand relationships with large energy and resources organisations that demand high corporate governance standards. The appointment of an experienced ASX auditor aligns with these commercial objectives.

Managing Director Warren Cook Available for Inquiries on Auditor Transition

The announcement was authorised by the RemSense Board and provided contact details for Managing Director Warren Cook at the Perth office. While Cook did not issue a formal statement explaining the strategic rationale, the Board’s commentary reflected a thoughtful and process-driven approach.

Investors or analysts seeking further insights on the governance strategy behind the auditor change, tender process details, or HLB Mann Judd’s engagement terms may contact the company at Suite 0101, Level 1, 5 Mill St, Perth WA 6000, by phone at +61 8 6118 5610, or via email at [email protected].

Share Price Reaction and Investor Outlook

The immediate impact on RemSense’s share price was not evident from public data. Auditor changes, while significant for governance, are generally viewed as administrative and rarely trigger substantial share price moves alone. Nonetheless, investors attentive to governance may interpret the structured tender and selection process positively.

Looking forward, key investor milestones include the release of the 2026 AGM notice with the auditor ratification resolution, RemSense’s next audited financial statements under HLB Mann Judd, and any operational updates related to the virtualplant platform and client engagements in the energy and resources sectors. The auditor transition is now largely complete from a regulatory perspective, with the AGM vote representing the final formal step.