Dominari Holdings dismisses CBIZ CPAs, engages Grassi & Co. as auditor
Dominari Holdings Inc. dismissed CBIZ CPAs P.C. as its independent registered public accounting firm on June 24, 2026, with audit committee approval, and engaged Grassi & Co., CPAs, P.C. to serve as auditor for the fiscal year ending December 31, 2026. CBIZ CPAs' audit reports contained no adverse opinions, disclaimers, or qualifications, and there were no disagreements on accounting matters; however, the company disclosed material weaknesses in internal control over financial reporting including inadequate personnel for timely record closing, insufficient review of fair-value transactions, poor segregation of duties, IT control deficiencies, and insufficient control documentation.
Key facts
- CBIZ CPAs P.C. dismissed June 24, 2026, with Audit Committee approval
- Grassi & Co., CPAs, P.C. engaged June 24, 2026 for fiscal year ending December 31, 2026
- Material weaknesses disclosed: lack of personnel for timely record closing; insufficient review of fair-value accounting; inadequate segregation of duties; IT control deficiencies; insufficient control documentation
- No disagreements between Company and CBIZ CPAs on accounting principles, practices, disclosure, or audit scope
- CBIZ CPAs audit reports contained no adverse opinions, disclaimers, or qualified opinions for period April 25, 2025 through dismissal date
- No prior consultations between Company and Grassi on accounting principles, audit opinions, or reportable events during fiscal 2025, 2024, or interim period through June 24, 2026
Why it matters
The disclosed material weaknesses in internal controls—particularly the lack of personnel for timely record closing and insufficient review of fair-value accounting—signal operational and financial-reporting vulnerabilities that may have prompted the auditor transition; the shift from a national accounting firm to a regional firm occurs against a backdrop of control deficiencies requiring remediation.
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Derived from 8-K filed 2026-06-26. Not investment advice. View the source filing on SEC.gov →