other material
confidence high
sentiment negative
materiality 0.65
Yotta Acquisition Corp: auditor change — Yotta Acquisition dismisses Marcum as auditor; engages CBIZ CPAs; cites material weaknesses
Yotta Acquisition Corp
- Marcum LLP dismissed April 29, 2025; CBIZ CPAs P.C. engaged for fiscal 2025 effective immediately.
- No disagreements with Marcum; audit reports for 2023/2024 unqualified except going concern for 2024.
- Material weaknesses identified for FY2023 and FY2024: segregation of duties, trust asset custody, related-party controls, tax accruals, and audit committee oversight.
- Marcum letter provided agreeing with disclosures; attached as Exhibit 16.1.