other material
confidence high
sentiment negative
materiality 0.75
Better Choice dismisses BDO, appoints Marcum; BDO's reports had going concern
SRx Health Solutions, Inc.
- On July 12, 2024, the Board dismissed BDO USA, P.C. as auditor and engaged Marcum LLP for FY2024.
- BDO's audit reports for FY2022 and FY2023 contained a going concern qualification but no adverse opinions or disagreements.
- Management reported material weaknesses in IT controls, complex transactions, and revenue recognition; IT controls were remediated by March 31, 2024.
- No other reportable events or disagreements occurred during the past two fiscal years through July 12, 2024.
- BDO furnished a letter (Exhibit 16.1) confirming agreement with the company's disclosures regarding its dismissal.