other_material
confidence high
sentiment negative
materiality 0.65
Cyngn appoints Baker Tilly as new auditor, cites material weakness in internal controls
Cyngn Inc.
- Appointed Baker Tilly US, LLP as independent auditor, replacing CBIZ CPAs P.C., effective April 3, 2026.
- No disagreements with CBIZ on accounting principles or disclosure; reportable event: material weakness in internal controls.
- Material weakness related to ineffective oversight of third parties and lack of technical expertise for complex accounting transaction, as reported in 2025 10-K.
- CBIZ provided letter to SEC dated April 3, 2026 agreeing with Company's statements (Exhibit 16.1).
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