other material
confidence high
sentiment negative
materiality 0.65
FGI Industries Ltd. (FGI): auditor change — FGI Industries dismisses CBIZ, appoints Marcum Asia as auditor; discloses material weakness
FGI Industries Ltd.
- Audit committee dismissed CBIZ as independent auditor effective April 20, 2026; no disagreements in prior periods.
- Marcum Asia appointed as new auditor for FY 2026; no consultations occurred before engagement.
- Material weakness in internal controls for 2025 related to foreign subsidiary's journal entry and account reconciliation review.
- CBIZ's audit report for 2025 was unqualified with no adverse opinions or scope modifications.
- CBIZ letter agreeing with the dismissal disclosures filed as Exhibit 16.1.