other material
confidence high
sentiment neutral
materiality 0.50
Marcum resigns as Sensus auditor over merger conflict; BPB appointed
Sensus Healthcare, Inc.
- Marcum resigned Sept 5, 2024, effective immediately, due to independence concerns from its merger with CBIZ Inc., which provides HR/insurance services to Sensus.
- No disagreements with Marcum on accounting principles; prior audit reports for 2022 and 2023 were unqualified.
- Marcum noted a material weakness in IT general controls as of June 30, 2024, but no misstatements resulted.
- Audit Committee appointed Berkowitz Pollack Brant (BPB) as new independent auditor on Sept 11, 2024.
- Company did not consult BPB on any accounting matters prior to appointment.