other material
confidence high
sentiment negative
materiality 0.60
Horizon Kinetics replaces auditor Marcum with CBIZ CPAs; cites material weaknesses
Horizon Kinetics Holding Corp
- Terminated Marcum LLP effective Apr 28, 2025; engaged CBIZ CPAs P.C. as auditor for FY ending Dec 31, 2025.
- Marcum's past audit reports for FY 2024 and 2023 were unqualified; no disagreements occurred.
- Material weaknesses in internal controls persist: consolidation of VIEs, account reconciliations, segregation of duties, IT controls.
- No reportable events other than material weaknesses; Marcum provided letter agreeing with company's statements.