KPMG will take over the role from Pricewaterhousecoopers, subject to approval by the fund's shareholders.
After receiving a "heavily caveated" opinion from its adviser, Hipgnosis Songs Fund said it needs more time preparing its latest interim results.
The London-listed fund said the $23.1 million sale would be used to pay down debt.
The troubled music rights company also said Spotify and UMG veteran Francis Keeling is joining the board.
Following last week's no continuation vote, the fund's board has six months to form plans to improve share price and stability—and that may include liquidating.
A majority of shareholders of the music royalty fund voted 'no' to continuation and rejected a plan to sell rights to songs by Shakira and Barry Manilow.
Shareholders will decide Thursday how the London-listed fund will continue – and whether its planned catalog sale will go through.
The company sharply cut its expected retroactive royalty payments. Competitors are confident they won’t follow suit.
Along with bolstering its sagging share price, the sale is aimed at convincing investors to back the fund for five more years.
The Billboard Global Music Index dropped 0.8% this week to 1,348.41, bringing the year-to-date gain to 15.5%.
