Foxx Development Holdings Inc. (FOXX): auditor change — Foxx Development replaces auditor Marcum with CBIZ; cites material internal control weaknesses

Foxx Development Holdings Inc.

Marcum resigned as independent auditor on May 1, 2025; Audit Committee accepted.
CBIZ CPAs P.C. appointed as new independent auditor effective May 1, 2025 for FY ending June 30, 2025.
Material weaknesses in internal controls identified for FY2024, including segregation of duties and documentation gaps.
No disagreements with Marcum on accounting principles or audit scope during 2023, 2024, or interim periods.
Marcum's 2023 and 2024 audit reports included going-concern explanatory paragraphs.

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 0.99

Foxx Development Holdings Inc. engaged CBIZ CPAs P.C. as its auditor.

Action: engagement
Auditor: CBIZ CPAs P.C.

Exact text from the filing

The Audit Committee approved the appointment of CBIZ CPAs P.C. ("CBIZ") as the Company's new independent registered public accounting firm on May 1, 2025, with immediate effect, for the fiscal year ending June 30, 2025.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.99

Marcum LLP resigned as auditor of Foxx Development Holdings Inc..

Action: resignation
Auditor: Marcum LLP

Exact text from the filing

On May 1, 2025, Marcum resigned as the independent registered public accounting firm of Foxx Development Holdings Inc.

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

Foxx Development Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-040241

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