other material
confidence high
sentiment neutral
materiality 0.25
SmartKem auditor changes from Marcum to CBIZ; going-concern note in prior audits
SmartKem, Inc.
- Marcum LLP resigned as independent auditor on April 21, 2025; CBIZ CPAs P.C. (which acquired Marcum's attest business) appointed same day.
- Prior audit reports for FY2023 and FY2024 included a going-concern explanatory paragraph but were otherwise unqualified.
- Two historical material weaknesses—related to June 2023 private placement and Jan 2024 amendment agreement—were identified and subsequently remediated.
- No disagreements or reportable events (as defined in Item 304) occurred between the company and Marcum.