In recent months, companies have been shifting their auditors for various reasons, such as internal policy changes, mergers, or audit committee decisions. Below is a detailed table of recent auditor transitions:
| Date | Company | Auditor Appointed | Auditor Dismissed | Reason for Change |
|---|---|---|---|---|
| 2025-01-13 | Scientific Energy, Inc. | AOGB CPA Limited | Centurion ZD CPA & Co. | Centurion ZD resigned due to withdrawal from PCAOB |
| 2025-01-22 | RCI Hospitality Holdings, Inc. | CBIZ CPAs P.C. | Marcum LLP | Marcum’s attest business was acquired by CBIZ CPAs P.C. |
| 2025-01-02 | Lode-Star Mining, Inc. | Davidson & Company LLP | Smythe LLP | Smythe discontinued services due to a policy change |
| 2025-01-06 | Flux Power Holdings, Inc. | Haskell & White LLP | Baker Tilly US, LLP | Baker Tilly chose not to stand for re-election |
| 2025-01-23 | F & M Bank Corp. | Elliott Davis, PLLC | Yount, Hyde & Barbour, P.C. | Decision approved by Audit Committee; no disagreements reported |
| 2024-12-31 | TuHURA Biosciences, Inc. | Cherry Bekaert LLP | Marcum LLP | Change due to merger between Kintara Therapeutics and TuHURA Biosciences |
| 2025-01-15 | Bloom HoldCo LLC | CBIZ CPAs P.C. | N/A | Newly engaged auditor; no prior consultations |
| 2025-01-13 | LightPath Technologies, Inc. | BDO USA, P.C. | N/A | Newly engaged auditor; no prior consultations |
| 2024-06-17 | Accustem Sciences, Inc. | Mercurius & Associates LLP | N/A | Newly engaged auditor; no prior consultations |
| 2025-01-27 | Isabella Bank Corporation | Plante & Moran, PLLC | Rehmann Robson, LLC | Rehmann Robson resigned after completing 2024 audit |
| 2025-01-23 | Goldenwell Biotech, Inc. | KCCW Accountancy Corp. | Michael Gillespie & Associates | Change in auditor after brief engagement |
| 2025-01-07 | AiXin Life International, Inc. | N/A | KCCW Accountancy Corp. | KCCW resigned |
| 2025-01-29 | Flux Power Holdings, Inc. | Haskell & White LLP | N/A | Newly engaged auditor; no prior consultations |
| 2025-01-23 | Runway Growth Finance Corp. | Deloitte & Touche LLP | RSM US LLP | No disagreements; RSM dismissed after long tenure |
| 2025-01-20 | Tavia Acquisition Corp. | WithumSmith+Brown PC | Marcum LLP | No disagreements; change based on the Audit Committee’s decision |
| 2025-01-20 | CIMG Inc. | Assentsure PAC | MaloneBailey LLP | Termination of MaloneBailey after long tenure |
| 2025-01-16 | Blue Chip Capital Group, Inc. | Hudgens CPA PLLC | Dan Barton, CPA | Re-engagement of Hudgens after resignation of Dan Barton, CPA |
| 2025-01-28 | Wayfair Inc. | PricewaterhouseCoopers LLP (PwC) | Ernst & Young LLP (EY) | EY dismissed after audit completion for 2024 |
| 2025-01-13 | Inno Holdings Inc. | JWF Assurance PAC | Simon & Edward, LLP (S&E) | S&E dismissed following internal control weakness report |
| 2025-01-03 | Potbelly Corporation | KPMG LLP | Deloitte & Touche LLP (Deloitte) | Deloitte dismissed after completion of competitive process |
| 2025-01-06 | Vocodia Holdings Corp. | Pipara & Co LLP | Rosenberg Rich Baker Berman, P.A. (RRBB) | RRBB resigned after mutual decision with the company |
| 2025-01-07 | Freight Technologies, Inc. | TAAD LLP | Marcum LLP | Change based on the Audit Committee’s decision; no disagreements |
| 2024-12-04 | Healthier Choices Management Corp. | TAAD LLP | Marcum LLP | Marcum dismissed after spin-off of subsidiary |
| 2025-01-16 | Ideanomics, Inc. | N/A | Grassi & Co. CPAs, P.C. | Grassi resigned after expressing substantial doubt about the company’s ability to continue as a going concern |
These auditor changes reflect shifts in corporate strategies, audit committee decisions, and the evolving relationship between companies and their auditors. Some transitions were prompted by mergers or acquisitions, while others were due to disagreements or policy changes. It’s essential for businesses to stay transparent and ensure their auditors are aligned with their goals and internal policies.
Stay updated on the latest auditor changes to better understand the shifting dynamics of corporate governance.
Potbelly Corporation made changes to its auditor selection process in January 2025. The Audit Committee selected KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 27, 2025, following a competitive process. This decision resulted in the effective dismissal of Deloitte & Touche LLP (Deloitte) after completing the audit of Potbelly’s fiscal year ended December 29, 2024. Deloitte’s reports on the Company’s consolidated financial statements for the fiscal years 2023 and 2022 were unqualified, with no disagreements or reportable events.
On January 28, 2025, Wayfair Inc. made a significant change to its auditor. The Audit Committee approved the dismissal of Ernst & Young LLP (EY) as the Company’s independent registered public accounting firm. EY’s dismissal will be effective upon the completion of their audit of Wayfair’s consolidated financial statements for the fiscal year ended December 31, 2024. Additionally, the Audit Committee engaged PricewaterhouseCoopers LLP (PwC) as the new independent registered public accounting firm for the fiscal year ending December 31, 2025.
