CHICAGO RIVET & MACHINE CO (CVR): auditor change — Chicago Rivet & Machine dismisses Crowe, hires Cherry Bekaert; going concern and material weakness cited

CHICAGO RIVET & MACHINE CO

Dismissed Crowe LLP effective May 27, 2025; engaged Cherry Bekaert as auditor for FY2025.
Crowe's 2024 report included a going-concern paragraph due to declining revenues, operating losses, negative cash flows.
Material weaknesses: income tax (remediated June 2024) and inventory valuation (not yet remediated).
No disagreements with Crowe; Crowe agreed with disclosures via Exhibit 16.1 letter.
Company had no prior consultations with Cherry Bekaert on accounting or audit matters.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

CHICAGO RIVET & MACHINE CO dismissed Crowe as its auditor.

Action: dismissal
Auditor: Crowe

Exact text from the filing

On May 27, 2025, the Board of Directors (the “Board”) of the Company approved the dismissal of Crowe as the Company’s independent registered public accounting firm, effective immediately.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

CHICAGO RIVET & MACHINE CO engaged CB as its auditor.

Action: engagement
Auditor: CB

Exact text from the filing

On May 27, 2025, the Board engaged CB as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately.

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Source: SEC EDGAR

accession 0000950170-25-084242

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