Blum Holdings replaces auditor Marcum LLP with MATSUURA; discloses material weakness in internal controls

BLUM HOLDINGS, INC.

Dismissed Marcum LLP effective April 23, 2024; engaged MATSUURA as new auditor same day.
Marcum's reports for FY 2023 and 2022 included going-concern explanatory paragraph.
No disagreements with Marcum; two material weaknesses cited: user access controls and untimely reconciliations.
Company restated Q2 and Q3 2023 financials due to the control deficiencies.
New auditor MATSUURA had no prior consultations with the company on accounting matters.

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

BLUM HOLDINGS, INC. engaged MATSUURA as its auditor.

Action: engagement
Auditor: MATSUURA

Exact text from the filing

On April 23, 2024, the Company engaged MATSUURA as its new independent registered public accountant for the fiscal year ending December 31, 2024.

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

BLUM HOLDINGS, INC. dismissed Marcum LLP as its auditor.

Action: dismissal
Auditor: Marcum LLP

Exact text from the filing

Effective April 23, 2024, Blum Holdings, Inc. (the “Company”) dismissed Marcum LLP as its independent registered public accounting firm.

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

BLUM HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-013769

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