Ispire Technology Inc. (ISPR): auditor change — Ispire Technology reports auditor change and ongoing material weaknesses in internal controls

Ispire Technology Inc.

Marcum LLP resigned as auditor effective Dec 16, 2024; CBIZ CPAs P.C. engaged Dec 17, 2024 for FY 2025.
Marcum's FY 2024 audit report included an explanatory paragraph for the restatement of FY 2023 financials.
Four material weaknesses identified: lack of controls for related-party assets, inventory/credit loss reserves, accounting policies, and insufficient skilled personnel.
No accounting disagreements with Marcum; the weaknesses led to restatements for periods from Dec 2022 through Mar 2024.
Auditor change results from Marcum's attest business asset sale to CBIZ; letter from Marcum 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

Ispire Technology Inc. engaged CBIZ CPAs P.C. as its auditor.

Action: engagement
Auditor: CBIZ CPAs P.C.

Exact text from the filing

on December 17, 2024, CBIZ CPAs P.C. was engaged as the Company’s independent registered public accounting firm

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

Marcum LLP resigned as auditor of Ispire Technology Inc..

Action: resignation
Auditor: Marcum LLP
Successor: CBIZ CPAs P.C.

Exact text from the filing

Company”) was notified that on November 1, 2024 CBIZ CPAs P.C., previously known as Mayer Hoffman McCann P.C., purchased substantially all of the attest business assets of Marcum LLP (“Marcum”), the Company’s independent registered public

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

Ispire Technology Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-111217

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