other material
confidence high
sentiment negative
materiality 0.70
Cardiff Lexington dismisses auditor RRBB over prior restatement delays; appoints Grassi & Co.
Cardiff Lexington Corp
- Dismissed Rosenberg Rich Baker Berman PA, effective March 16, 2022, after RRBB cited capacity issues completing reviews.
- Board appointed Grassi & Co., CPAs, P.C. as new independent registered public accounting firm on March 16, 2022.
- Dismissal follows prior restatements of 2020 10-K and Q1 2021 financials; RRBB never issued an audit report for 2020 or 2021.
- No disagreements with RRBB on accounting principles or reportable events during their engagement from June 2021 to dismissal.