other material
confidence high
sentiment neutral
materiality 0.55
CSP Inc. dismisses RSM as auditor, appoints CBIZ CPAs P.C. for FY2025
CSP INC /MA/
- Auditor change effective February 12, 2025; no disagreements with RSM on accounting principles or audit scope.
- Two previously disclosed material weaknesses in internal controls (expense reimbursement and income tax reporting) noted.
- New auditor CBIZ selected subject to client acceptance for fiscal year ending September 30, 2025.
- RSM's reports for FY2023 and FY2024 were unqualified; no adverse opinions.