other material
confidence high
sentiment neutral
materiality 0.50
Kingstone replaces CBIZ with Deloitte as FY2026 independent auditor
KINGSTONE COMPANIES, INC.
- On Aug 18, 2026, Audit Committee approved engaging Deloitte & Touche to audit FY2026; concurrently dismissed CBIZ CPAs.
- CBIZ's FY2025 audit report was unqualified; no disagreements or reportable events except adverse ICFR attestation.
- Adverse ICFR report cited material weakness: lack of SOC 1 Type 2 reports for insurance premium quoting and general ledger systems.
- CBIZ letter to SEC dated Aug 24, 2026 (Exhibit 16.1) agrees with company's disclosures.
- CBIZ had replaced Marcum on Apr 8, 2025 after CBIZ acquired Marcum's attest business.