other
confidence high
sentiment negative
materiality 0.60
Rein Therapeutics auditor Marcum resigns, CBIZ appointed; going concern noted
Rein Therapeutics, Inc.
- Marcum LLP resigned as independent auditor on April 16, 2025; CBIZ CPAs P.C. engaged by Audit Committee.
- Marcum's reports for 2024 and 2023 included a going concern explanatory paragraph for Rein Therapeutics.
- No disagreements on accounting principles or practices between Marcum and the company.
- Material weaknesses in internal controls over financial reporting were reported for both 2024 and 2023.
- Company authorized Marcum to fully respond to successor auditor inquiries.