other_material
confidence high
sentiment neutral
materiality 0.60
Profusa auditor change: Marcum LLP resigns, CBIZ CPAs P.C. engaged for FY2025
PROFUSA, Inc.
- Marcum resigned as auditor on May 19, 2025; CBIZ was engaged for the fiscal year ending Dec 31, 2025.
- Marcum's 2023 and 2024 audit reports were unqualified except for a going-concern explanatory paragraph.
- No accounting disagreements with Marcum; three material weaknesses in internal controls were identified.
- CBIZ had no pre-engagement consultations with Profusa on accounting or auditing matters.
- Marcum provided a letter agreeing with the statements in the filing, dated May 22, 2025.
item 4.01item 9.01