Moving iMage Technologies auditor resigns; cites material control weaknesses and restatement

MOVING iMAGE TECHNOLOGIES INC.

CohnReznick resigned as independent auditor effective April 12, 2022, with no disagreements on accounting principles.
Material weaknesses in internal controls over financial reporting were identified, including inadequate segregation of duties and lack of formal policies.
Company restated unaudited Q1 FY2022 financials due to a material misstatement identified in February 2022.
Audit Committee is actively seeking a successor independent registered public accounting firm.

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