other_material
confidence high
sentiment negative
materiality 0.65
zSpace dismisses BDO as auditor, appoints UHY for FY2025; BDO reports had going concern qualification
zSpace, Inc.
- Audit Committee approved UHY LLP as independent auditor for FY2025 and dismissed BDO USA, P.C., effective May 16, 2025.
- BDO's reports for 2024 and 2023 contained no adverse opinions except a qualification regarding going concern.
- No disagreements with BDO on accounting principles or audit scope through May 16, 2025.
- Material weaknesses in internal controls were previously disclosed in the FY2024 10-K (Item 9A).
- Company did not consult UHY on accounting matters prior to appointment.
item 4.01item 9.01