Ispire Technology Inc. Changes Independent Auditor
Ticker: ISPR · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1948455
Sentiment: neutral
Topics: auditor-change, 8-k
TL;DR
ISP's auditor just changed, could be good or bad.
AI Summary
Ispire Technology Inc. filed an 8-K on December 20, 2024, reporting a change in its certifying accountant as of December 16, 2024. The company has appointed a new independent registered public accounting firm.
Why It Matters
A change in auditor can signal potential issues with financial reporting or a desire for a fresh perspective on the company's financial health.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact stock price.
Key Players & Entities
- Ispire Technology Inc. (company) — Registrant
- December 16, 2024 (date) — Date of earliest event reported
- December 20, 2024 (date) — Filing date
- 19700 Magellan Drive, Los Angeles, CA 90502 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a change in Ispire Technology Inc.'s certifying accountant.
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of December 16, 2024.
Who is the new certifying accountant for Ispire Technology Inc.?
The filing does not explicitly name the new certifying accountant, only that a change has occurred.
What is Ispire Technology Inc.'s principal executive office address?
Ispire Technology Inc.'s principal executive office is located at 19700 Magellan Drive, Los Angeles, CA 90502.
What is the Commission file number for Ispire Technology Inc.?
The Commission file number for Ispire Technology Inc. is 001-41680.
Filing Stats: 1,172 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2024-12-20 16:30:35
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share ISPR The Nasdaq Stock Mar
Filing Documents
- ea0225444-8k_ispire.htm (8-K) — 29KB
- ea022544401ex16-1_ispire.htm (EX-16.1) — 4KB
- ex16-1_001.jpg (GRAPHIC) — 11KB
- 0001213900-24-111217.txt ( ) — 221KB
- ispr-20241216.xsd (EX-101.SCH) — 3KB
- ispr-20241216_lab.xml (EX-101.LAB) — 33KB
- ispr-20241216_pre.xml (EX-101.PRE) — 22KB
- ea0225444-8k_ispire_htm.xml (XML) — 4KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. Ispire Technology Inc. (the "Company") was notified that on November 1, 2024 CBIZ CPAs P.C., previously known as Mayer Hoffman McCann P.C., purchased substantially all of the attest business assets of Marcum LLP ("Marcum"), the Company's independent registered public accounting firm. Substantially all of the partners and staff that provided attestation services with Marcum joined CBIZ CPAs P.C. Marcum resigned as auditors of the Company effective December 16, 2024, and with the approval of the Audit Committee of the Company's Board of Directors, on December 17, 2024, CBIZ CPAs P.C. was engaged as the Company's independent registered public accounting firm for the fiscal year ended June 30, 2025, effective immediately, subject to ratification by the Company's stockholders at the Company's annual meeting of stockholders. The report of Marcum regarding the Company's financial statements for the fiscal year ended June 30, 2024 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles except that the report included an explanatory paragraph regarding the adjustments described in Note 2 to the consolidated financial statements that were applied to restate the financial statements as of and for the year ended June 30, 2023 to correct misstatements. Marcum was not engaged to audit, review, or apply any procedures to the financial statements of the Company as of or for the year ended June 30, 2023 other than with respect to such adjustments and, accordingly, Marcum does not express an opinion or any other form of assurance on the June 30, 2023 financial statements taken as a whole. During the year ended June 30, 2024 and during the interim period from the end of the most recently completed year through December 16, 2024, the date of resignation, there were (a) no disagreements (as defined in Item 304(a)(1)(iv) of Regulatio
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are being filed with this Current Report on Form 8-K: Exhibit No. Description 16.1 Letter from Marcum LLP dated December 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Ispire Technology Inc. By: /s/ Michael Wang Name: Michael Wang Title: Co-Chief Executive Officer Dated: December 20, 2024 2