other material
confidence high
sentiment negative
materiality 0.60
Algorhythm Holdings, Inc. (RIME): auditor change — Algorhythm Holdings replaces auditor Marcum with CBIZ; cited going concern, material weaknesses
Algorhythm Holdings, Inc.
- Marcum LLP resigned as independent auditor effective April 25, 2025; CBIZ CPAs P.C. engaged for FY2025.
- Prior Marcum reports included explanatory paragraph about substantial doubt as a going concern.
- No accounting disagreements with Marcum; material weaknesses in internal controls reported in 2024 10-K.
- Audit committee and board approved the change; Marcum letter to SEC agrees with company statements.