Star Equity Holdings, Inc. (STRR): auditor change — Hudson Global dismisses BDO as auditor, engages Wolf & Company for FY2023

Star Equity Holdings, Inc.

Dismissed BDO USA, P.C. as auditor on Sept 28, 2023; engaged Wolf & Company, P.C. for FY2023.
BDO's audit reports for FY2021 and FY2022 were unqualified, with no adverse opinions.
No accounting disagreements occurred, but a previously reported material weakness in internal controls over revenue recognition exists.
Material weakness involved failure to evaluate principal vs agent for a discretionary bonus, understating revenue and costs.
BDO furnished a letter agreeing with the disclosures, filed as Exhibit 16.1.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Star Equity Holdings, Inc. engaged Wolf & Company, P.C. as its auditor.

Action: engagement
Auditor: Wolf & Company, P.C.

Exact text from the filing

(the “Company”) approved the engagement of Wolf & Company, P.C. (“Wolf”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023, effective immediately, and dismissed BDO USA, P.C.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Star Equity Holdings, Inc. dismissed BDO USA, P.C. as its auditor.

Action: dismissal
Auditor: BDO USA, P.C.
Successor: Wolf & Company, P.C.

Exact text from the filing

dismissed BDO USA, P.C. (f/k/a BDO USA, LLP, “BDO”) as the Company’s independent registered public accounting firm

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8 auditor changes filed in the last 30 days. Browse all auditor changes →

Star Equity Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001210708-23-000099

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