---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-087284"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:44:07.592284+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# B. Riley Financial dismisses auditor Marcum, appoints BDO; reports material weaknesses in internal controls

## Summary
- Marcum LLP dismissed effective after completion of FY2024 audit; BDO USA, P.C. appointed for FY2025.
- Multiple material weaknesses disclosed: ITGCs, valuation controls, related-party transactions, income tax, goodwill, and journal entry controls.
- BDO independence concern from prior non-audit services by its member firms; services terminated April 2025, concluded no impairment.
- No disagreements between Company and Marcum on accounting principles or audit scope during FY2022-2024 and interim through Sept 8, 2025.

## SEC filing metadata
- accession: 0001213900-25-087284
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390025087284/0001213900-25-087284-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390025087284/ea0257192-8k_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-087284
- JSON: https://secwatch.observer/filing/0001213900-25-087284.json
- Plain text: https://secwatch.observer/filing/0001213900-25-087284.txt

## Key facts
- Auditor Changes
  BRC Group Holdings, Inc. dismissed Marcum LLP as its auditor.
  - Action: dismissal
  - Auditor: Marcum LLP
  source text: On September 8, 2025, the Audit Committee of the Board of Directors (the “Committee”) of B. Riley Financial, Inc. (the “Company”) dismissed Marcum LLP (“Marcum”), the Company’s prior independent registered public accounting firm, effective upon the completion of its audit and the issuance of its report on the Company’s consolidated financial statements and internal control over financial reporting for the Company’s fiscal year ended December 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390025087284/0001213900-25-087284-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.