other_material
confidence high
sentiment negative
materiality 0.70
LifeMD dismisses CBIZ CPAs, appoints PwC; cites material weaknesses in internal controls
LifeMD, Inc.
- On Aug 15, 2025, LifeMD dismissed CBIZ CPAs (appointed Apr 24, 2025) as auditor; no disagreements.
- Reportable events: material weaknesses in ITGCs (user access, change management, SOC reports) and business process controls (IPE, review).
- On Aug 18, 2025, Audit Committee appointed PricewaterhouseCoopers LLP as independent auditor for FY2025.
- No prior consultations with PwC on accounting principles or audit opinion.
item 4.01item 9.01