other material
confidence high
sentiment negative
materiality 0.65
Shuttle Pharmaceuticals dismisses Forvis Mazars as auditor; no successor engaged
Shuttle Pharmaceuticals Holdings, Inc.
- Audit Committee and Board approved dismissal on Oct. 16, 2026, effective after the Q3 2026 Form 10-Q for the quarter ended Sept. 30, 2026.
- Forvis Mazars' FY2025 and FY2024 reports had no adverse opinion or disclaimer and were not qualified, but included a going-concern explanatory paragraph.
- No disagreements; reportable events limited to material weaknesses in accounting policies/close oversight, review and segregation of duties over journal entries/spreadsheets.
- Other weaknesses: ITGC super-user access and segregation-of-duties issues; entity-level controls over timely communication of material contracts; insufficient technical accounting/valuation expertise.
- As of the Oct. 22, 2026 filing, no replacement independent auditor had been engaged; Audit Committee authorized Forvis to respond to successor inquiries.