other material
confidence high
sentiment negative
materiality 0.60
MDB Capital dismisses BDO, engages RBSM as new auditor; discloses material weaknesses
MDB Capital Holdings, LLC
- Audit Committee dismissed BDO USA and engaged RBSM LLP as independent registered public accounting firm on Dec 20, 2023.
- BDO's reports for FY2021 and FY2022 were unqualified with no adverse opinions or disagreements.
- Material weaknesses in entity-level controls, IT controls, and accounting policies were identified, previously disclosed.
- No disagreements with BDO on accounting principles or audit scope during past periods.