Oslo-listed OSV owner Oceanteam has been granted more time to find a new auditor as it fights to avoid potential liquidation action by a Norwegian regulator.
The country's Register of Business Enterprises (RBE) has given the company until 15 April to find an accountant.
If not, the RBS will notify the district court, which could result in a "compulsory liquidation", it added.
Oceanteam has already proposed a merger with its Dutch subsidiary so that it can re-domicile to the Netherlands and avoid court action.
The issue arose after a row with previous auditor KPMG.
KPMG quit in November after Oceanteam suspended its services due to what it said was its "investigative findings regarding audit costs that were charged for work not performed."
The auditor has not commented.
RBE required Oceanteam to appoint a new auditor within four weeks from 20 January.
But Oceanteam said earlier this month: "So far, various attempts of the management to restore the relationship with KPMG Bergen have not been successful and to date the company has been unable to engage a replacement auditor.
"Due to the unbalanced, incorrect and biased reporting in the press surrounding the company, incited by a small number of individuals, namely a consultant and two former employees of the company, and based on several discussions with potential auditing firms, the board of directors and management do not consider it possible to appoint an auditor for the company within the deadline...which may result in a compulsory liquidation of the company."
