AuditorApr 28, 2026, 05:01 PM
VERI Dismisses Grant Thornton, Engages CBIZ as Auditor
AI Summary
Veritone, Inc. dismissed Grant Thornton LLP as its independent registered public accounting firm, effective April 23, 2026, and engaged CBIZ CPAs P.C. as the new auditor. Grant Thornton's previous audit reports included explanatory paragraphs regarding substantial doubt about the company's ability to continue as a going concern and noted material weaknesses in internal control over financial reporting. The company reported no disagreements with Grant Thornton on accounting matters.
Key Highlights
- VERI dismissed Grant Thornton LLP as its independent auditor, effective April 23, 2026.
- CBIZ CPAs P.C. was engaged as the new independent registered public accounting firm.
- Grant Thornton's prior reports included "going concern" explanatory paragraphs for fiscal years 2024 and 2025.
- Material weaknesses in internal controls were reported for 2024, 2025, and the subsequent interim period.
- Weaknesses included entity-level controls, consolidation process, ITGCs, and revenue recognition.
- No disagreements on accounting principles or practices were reported with Grant Thornton.
- No prior consultations with CBIZ on accounting principles or audit opinions occurred.
Price Impact
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