International Battery Metals dismisses CBIZ CPAs, engages Grant Thornton
International Battery Metals' Audit Committee dismissed CBIZ CPAs as its independent registered public accounting firm on June 24, 2026, effective immediately, and engaged Grant Thornton LLP to audit the company's financial statements for the fiscal year ending March 31, 2027, also effective immediately. CBIZ CPAs' prior reports on the company's consolidated and combined financial statements contained no adverse opinion, disclaimer, or qualification. The company disclosed one reportable event during the prior audit period: a material weakness in internal controls over the capitalization of capital assets and determination of useful lives, identified in fiscal year 2025 and subsequently remediated during fiscal year 2026. There were no disagreements between the company and CBIZ CPAs on accounting principles, disclosure, or audit scope during the two-year period ended March 31, 2026 and through the dismissal date.
Key facts
- Dismissal effective immediately June 24, 2026
- Grant Thornton LLP engaged effective immediately for fiscal year ending March 31, 2027
- One reportable event: material weakness in internal controls over capitalization of capital assets and useful-life determination, remediated during fiscal year ended March 31, 2026
- No disagreements with CBIZ CPAs on accounting principles, disclosure, or audit scope
- CBIZ CPAs' reports contained no adverse opinion, disclaimer, or qualification
Why it matters
The transition from CBIZ CPAs to Grant Thornton represents a change to a larger national firm; the company's prior material weakness in fixed-asset capitalization controls, though remediated, signals past audit-significance issues that the new firm will oversee going forward.
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Derived from 8-K filed 2026-06-30. Not investment advice. View the source filing on SEC.gov →