other_material
confidence high
sentiment neutral
materiality 0.65
Forian Inc. dismisses CBIZ CPAs, appoints BDO USA as new auditor
Forian Inc.
- On June 26, 2025, the Audit Committee dismissed CBIZ CPAs P.C. as independent registered public accounting firm.
- Audit Committee approved engagement of BDO USA, P.C. for fiscal year ending Dec 31, 2025 and interim periods.
- No disagreements with CBIZ during engagement from Apr 24 to Jun 26, 2025; but reportable events included material weaknesses.
- Material weaknesses related to IT controls, payables validation, and revenue recognition (ASC 606) were identified, some remediated.
- CBIZ did not issue any audit report during its engagement; letter from CBIZ filed as Exhibit 16.1.
item 4.01item 9.01