AuditorJun 29, 2026, 04:33 PM
CDT Equity Changes Auditors to CRI Amid Going Concern Doubt
AI Summary
CDT Equity Inc. announced the dismissal of CBIZ CPAs P.C. as its independent registered public accounting firm and the engagement of Carr, Riggs & Ingram, L.L.C. (CRI). The previous auditor's report for December 31, 2025, included an explanatory paragraph about substantial doubt regarding the company's ability to continue as a going concern. The company also disclosed material weaknesses in its internal control over financial reporting, including limited segregation of duties and a lack of formal review processes for significant transactions.
Key Highlights
- CDT Equity Inc. dismissed CBIZ CPAs P.C. as its independent registered public accounting firm.
- Carr, Riggs & Ingram, L.L.C. (CRI) was engaged as the new independent registered public accounting firm.
- CBIZ CPAs' audit report for December 31, 2025, included an explanatory paragraph regarding going concern.
- The company previously changed auditors from Marcum LLP to CBIZ CPAs in April 2025.
- Material weaknesses in internal control over financial reporting were identified.
- Weaknesses included limited segregation of duties and lack of formal transaction review processes.
- No disagreements on accounting principles or practices were reported with CBIZ CPAs.
Price Impact
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