AuditorJun 26, 2026, 04:37 PM
Dominari Holdings Changes Independent Auditor to Grassi & Co.
AI Summary
Dominari Holdings Inc. dismissed CBIZ CPAs P.C. as its independent registered public accounting firm on June 24, 2026, with Audit Committee approval. Concurrently, the company engaged Grassi & Co., CPAs, P.C. for the fiscal year ending December 31, 2026. While there were no disagreements with CBIZ CPAs, the company reported material weaknesses in internal control over financial reporting during CBIZ CPAs' tenure, including issues with personnel, fair value accounting review, segregation of duties, IT controls, and documentation.
Key Highlights
- Dismissed CBIZ CPAs P.C. as independent registered public accounting firm on June 24, 2026.
- Appointed Grassi & Co., CPAs, P.C. as the new independent auditor for fiscal year 2026.
- CBIZ CPAs' reports did not contain adverse opinions or disclaimers.
- No disagreements with CBIZ CPAs on accounting principles or auditing scope.
- Identified material weaknesses in internal control over financial reporting during CBIZ CPAs' tenure.
- Weaknesses include lack of personnel for timely book closing and insufficient review of fair value accounting.
- Other weaknesses: lack of segregation of duties, IT control deficiencies, and insufficient documentation.
- CBIZ CPAs was appointed on April 25, 2025, following the dismissal of Marcum LLP.
Price Impact
More from DOMH