other material
confidence high
sentiment neutral
materiality 0.20
TEL INSTRUMENT ELECTRONICS CORP: auditor change — Tel-Instrument Electronics engages CBIZ as new auditor after Marcum's attest business acquisition
TEL INSTRUMENT ELECTRONICS CORP
- Marcum LLP resigned as independent auditor on April 29, 2025, because its attest business was acquired by CBIZ CPAs P.C.
- Audit Committee approved engagement of CBIZ CPAs P.C. as successor independent registered public accounting firm.
- No disagreements or reportable events occurred with Marcum during the past two fiscal years or interim period.
- Prior material weakness in internal control over inventory valuation (previously disclosed in Form 10-K) was noted again.