other_material
confidence high
sentiment neutral
materiality 0.55
Glucotrack dismisses Grant Thornton, engages CBIZ as new auditor
Glucotrack, Inc.
- Audit Committee approved dismissal of Fahn Kanne & Co. Grant Thornton Israel and engagement of CBIZ CPAs P.C., effective July 18, 2025.
- Grant Thornton's reports for FY2024 and FY2023 included a going-concern explanatory paragraph but were otherwise unqualified.
- No disagreements with Grant Thornton on accounting principles or audit scope during FY2024, FY2023, or subsequent interim period.
- Material weaknesses in internal control over financial reporting previously disclosed (IT controls, accounting personnel, segregation of duties) were discussed with Grant Thornton.
- Company will file Grant Thornton's response letter by amendment within two business days.
item 4.01