Ispire Technology Announces Change in Certifying Accountant

Ispire Technology Inc. (NASDAQ: ISPR) disclosed in a recent 8-K filing with the Securities and Exchange Commission that a change has occurred in its certifying accountant. The Company was notified that CBIZ CPAs P.C., previously known as Mayer Hoffman McCann P.C., acquired substantially all of Marcum LLP’s attest business assets, resulting in Marcum resigning as the independent registered public accounting firm for Ispire Technology effective December 16, 2024.

Following the resignation, Ispire Technology’s Audit Committee, with approval from the Board of Directors, engaged CBIZ CPAs P.C. as the Company’s new independent registered public accounting firm for the fiscal year ending June 30, 2025. This engagement is subject to ratification at the Company’s annual meeting of stockholders.

During the filing period and up to the resignation date of December 16, 2024, there were no disagreements with Marcum on accounting principles, financial disclosures, or auditing procedures. However, material weaknesses in the Company’s internal control over financial reporting were reported in its Annual Report on Form 10-K for the year ended June 30, 2024.

Prior to engaging CBIZ CPAs P.C., Ispire Technology did not consult with them on specific accounting principles or audit opinions. The Company provided Marcum with a copy of the Form 8-K before filing and requested a response if they disagreed with the statements, which Marcum provided in a letter dated December 19, 2024.

The 8-K filing also includes the submission of an Exhibit 16.1, which contains the letter from Marcum LLP dated December 19, 2024, and an Interactive Data File (Cover Page) as Exhibit 104.

This change in certifying accountant marks a significant transition for Ispire Technology as it moves forward with CBIZ CPAs P.C. overseeing its accounting and auditing processes.

Please note that information in this news article is based on disclosures made in the 8-K filing as reported to the Securities and Exchange Commission. Readers are encouraged to refer to the original filing for precise details.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Ispire Technology’s 8K filing here.

Ispire Technology Company Profile

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.