B. Riley Financial Appoints New Auditor
Ticker: RILYT · Form: 8-K · Filed: Sep 12, 2025 · CIK: 1464790
| Field | Detail |
|---|---|
| Company | B. Riley Financial, Inc. (RILYT) |
| Form Type | 8-K |
| Filed Date | Sep 12, 2025 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: RILY
TL;DR
B. Riley Financial switched auditors from Deloitte to BDO USA, LLP.
AI Summary
B. Riley Financial, Inc. filed an 8-K on September 12, 2025, to report changes in its certifying accountant. The company has appointed BDO USA, LLP as its new independent registered public accounting firm, effective September 8, 2025, replacing Deloitte & Touche LLP.
Why It Matters
A change in a company's auditor can signal potential issues or a strategic shift, impacting investor confidence and requiring scrutiny of the reasons behind the change.
Risk Assessment
Risk Level: medium — A change in auditor, especially without explicit detailed reasons provided in the filing, can introduce uncertainty about the company's financial reporting or internal controls.
Key Players & Entities
- B. Riley Financial, Inc. (company) — Registrant
- BDO USA, LLP (company) — New Certifying Accountant
- Deloitte & Touche LLP (company) — Former Certifying Accountant
- September 8, 2025 (date) — Effective date of new auditor appointment
- September 12, 2025 (date) — Filing date of the 8-K
FAQ
Who is B. Riley Financial, Inc.'s new independent registered public accounting firm?
B. Riley Financial, Inc. has appointed BDO USA, LLP as its new independent registered public accounting firm.
When was the appointment of the new auditor effective?
The appointment of BDO USA, LLP was effective as of September 8, 2025.
Who was B. Riley Financial, Inc.'s previous independent registered public accounting firm?
B. Riley Financial, Inc.'s previous independent registered public accounting firm was Deloitte & Touche LLP.
What type of filing is this for B. Riley Financial, Inc.?
This is a Form 8-K filing.
On what date was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on September 12, 2025.
Filing Stats: 2,127 words · 9 min read · ~7 pages · Grade level 15 · Accepted 2025-09-12 17:16:06
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share RILY Nasdaq Global Market
Filing Documents
- ea0257192-8k_briley.htm (8-K) — 63KB
- ea025719201ex16-1_briley.htm (EX-16.1) — 4KB
- ex16-1_001.jpg (GRAPHIC) — 4KB
- ex16-1_002.jpg (GRAPHIC) — 2KB
- 0001213900-25-087284.txt ( ) — 322KB
- rily-20250908.xsd (EX-101.SCH) — 5KB
- rily-20250908_def.xml (EX-101.DEF) — 29KB
- rily-20250908_lab.xml (EX-101.LAB) — 40KB
- rily-20250908_pre.xml (EX-101.PRE) — 27KB
- ea0257192-8k_briley_htm.xml (XML) — 13KB
01 Change in Registrant's Certifying Accountant
Item 4.01 Change in Registrant's Certifying Accountant. (a) Dismissal of Previous Independent Registered Public Accounting Firm On September 8, 2025, the Audit Committee of the Board of Directors (the "Committee") of B. Riley Financial, Inc. (the "Company") dismissed Marcum LLP ("Marcum"), the Company's prior independent registered public accounting firm, effective upon the completion of its audit and the issuance of its report on the Company's consolidated financial statements and internal control over financial reporting for the Company's fiscal year ended December 31, 2024, which will be included in the Company's Annual Report on Form 10-K for that year. Marcum's audit report on the Company's consolidated financial statements for the Company's fiscal year ended December 31, 2023 and 2022 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2024 and December 31, 2023, and the subsequent interim period through September 8, 2025, there were (i) no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Marcum's satisfaction, would have caused Marcum to make reference to the subject matter of the disagreements in connection with its reports on the Company's consolidated financial statements for such years, and (ii) no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K, except for the following material weaknesses in the Company's internal control over financial reporting: The Company identified a separate material weakness relating to information technology general controls ("ITGCs") issues in one of the B. Riley Advisory Holdings, LLC subsidiaries primarily related to ineffective controls ov
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 16.1 Letter from Marcum LLP, dated September 12, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES 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. B. Riley Financial, Inc. By: /s/Bryant R. Riley Name: Bryant R. Riley Title: Co-CEO Date: September 12, 2025 4