other material
confidence high
sentiment negative
materiality 0.60
ZyVersa Therapeutics replaces auditor Marcum LLP with CBIZ CPAs; notes material weaknesses and going concern
ZyVersa Therapeutics, Inc.
- Marcum resigned as auditor effective April 4, 2025; CBIZ CPAs engaged April 7 after acquiring Marcum's attest practice.
- Marcum's reports for FY2023 and FY2024 included an explanatory paragraph about substantial doubt on the company's ability to continue as a going concern.
- Company disclosed material weaknesses in internal control over financial reporting for both FY2023 and FY2024, including lack of segregation of duties.
- No disagreements on accounting principles occurred between the company and Marcum during the relevant periods.
- Marcum furnished a letter agreeing with the statements; filed as Exhibit 16.1.