XCel Brands Inc. Announces Dismissal of CBIZ CPAs Due to Reporting Delays and Control Weaknesses
XCel Brands Inc. has dismissed CBIZ CPAs P.C. as its independent registered public accounting firm due to reporting delays and control weaknesses. This decision, made on September 15, 2025, follows the firm's appointment just months earlier. CBIZ CPAs did not issue any audit reports during their engagement, and the dismissal was attributed to a material weakness in the company's controls affecting timely financial reporting. CBIZ CPAs acknowledged these issues in a letter to the SEC.
XCel Brands Inc. announced a change in its certifying accountant on September 15, 2025. The company’s Audit Committee has dismissed CBIZ CPAs P.C. as its independent registered public accounting firm, just months after appointing them on May 27, 2025, when Marcum LLP was dismissed. During the engagement period, CBIZ CPAs did not issue any audit reports on the company’s financial statements. The company cited no disagreements or reportable events with CBIZ CPAs, except for a material weakness related to the inability to file its Annual and Quarterly Reports on time due to inadequate entity-level controls affecting financial information reporting. CBIZ CPAs has acknowledged these statements in a letter filed with the SEC. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCel Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-091675), on September 19, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
