other_material
confidence high
sentiment neutral
materiality 0.45
Universal Safety Products names CBIZ as new auditor after Marcum's resignation due to CBIZ acquisition
UNIVERSAL SAFETY PRODUCTS, INC.
- On June 2, 2025, Marcum resigned as auditor and CBIZ engaged as new auditor after CBIZ acquired Marcum's attest business on Nov 1, 2024.
- Marcum's audit reports for fiscal years ended March 31, 2024 and 2025 contained no adverse opinions or disagreements.
- Material weaknesses in internal controls previously reported as of March 31, 2024: management review controls over financial classification and income tax accounting, and documentation support.
- Company provided Marcum with a copy of this filing; Marcum agreed with statements via letter dated June 6, 2025 attached as Exhibit 16.1.
item 4.01item 9.01