Forian replaces Marcum with CBIZ as auditor; two material weaknesses outstanding at Dec 31, 2024

Forian Inc.

Marcum dismissed as independent auditor effective April 24, 2025; CBIZ engaged for FY 2025.
Marcum's acquisition by CBIZ was effective Nov 1, 2024; no disagreements on accounting principles or audit scope.
Two unremediated material weaknesses as of Dec 31, 2024: (1) controls over payables transactions, (2) revenue recognition for minimum payments under ASC 606.
The revenue-recognition weakness led to restatement of 2023 annual and Q1-Q3 2023 financials.
One prior material weakness (IT controls) was remediated as of Dec 31, 2024.

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