FGI Industries auditor Marcum resigns; CBIZ appointed; material weaknesses disclosed

FGI Industries Ltd.

Marcum LLP resigned as FGI's independent auditor effective April 22, 2025; CBIZ CPAs P.C. engaged same day.
No disagreements with Marcum on accounting principles or audit scope during 2023-2024 or through resignation.
Material weaknesses identified: inadequate segregation of duties for journal entries; insufficient management review of account reconciliations and loan covenant calculations.
Marcum provided a letter agreeing with the statements in the 8-K, filed as Exhibit 16.1.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.