Scientific Industries Changes Auditors

TL;DR

SCND is changing its auditor, effective June 1st. No word on why yet.

AI Summary

Scientific Industries, Inc. filed an 8-K on June 6, 2024, reporting a change in its certifying accountant. The company's previous independent registered public accounting firm was WithumSmith+Brown, PC. The change was effective as of June 1, 2024.

Why It Matters

A change in a company's auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: low — This filing solely concerns a change in the company's auditor and does not involve financial performance or operational changes.

Key Players & Entities

• SCIENTIFIC INDUSTRIES, INC. (company) — Registrant
• WithumSmith+Brown, PC (company) — Previous independent registered public accounting firm
• June 1, 2024 (date) — Effective date of change in certifying accountant
• June 6, 2024 (date) — Filing date of the 8-K report

FAQ

Key Financial Figures

• $0.05 — ch registered Common Stock, par value $0.05 per share SCND OTCMKTS Indicate b

Filing Documents

• scnd_8k.htm (8-K) — 25KB
• scnd_ex161.htm (EX-16.1) — 1KB
• scnd_ex161img1.jpg (GRAPHIC) — 61KB
• 0001654954-24-007446.txt ( ) — 225KB
• scnd-20240601.xsd (EX-101.SCH) — 6KB
• scnd-20240601_lab.xml (EX-101.LAB) — 13KB
• scnd-20240601_cal.xml (EX-101.CAL) — 1KB
• scnd-20240601_pre.xml (EX-101.PRE) — 8KB
• scnd-20240601_def.xml (EX-101.DEF) — 2KB
• scnd_8k_htm.xml (XML) — 4KB

01

Item 4.01 Change in Registrants Certifying Accountant. Scientific Industries Inc. (the "Company") was notified that Mazars USA, LLP ("Mazars"), the Company's independent registered public accounting firm entered into a transaction with FORVIS, LLP ("FORVIS") whereby substantially all of the partners and employees of Mazars joined FORVIS. As a result, on the effective date of June 1, 2024, FORVIS changed its name to Forvis Mazars, LLP ("Forvis Mazars") and Mazars resigned as the Company's independent registered public accounting firm. The Audit Committee of the Company's Board of Directors has appointed Forvis Mazars to serve as the Company's independent registered public accounting firm effective June 1, 2024. The audit report of Mazars on the financial statements of the Company as of December 31, 2023, and for the year then ended, did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal year ended December 31, 2023 and the subsequent interim periods through the date of this Current Report on Form 8-K, there were (i) no disagreements (as such term is used in Item 304(a)(1)(iv) of Regulation S-K) between the Company and Mazars on any matters of accounting principles or practices, financial statement disclosures or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Mazars, would have caused Mazars to make reference to the subject matter of the disagreement (s), in connection with its report on the Company's financial statements and (ii) no reportable events within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K. During the Company's fiscal year ended December 31, 2023, and the subsequent period through the date of this report, the Company did not consult with Forvis Mazars regarding any of the matters set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K. The Company provided Mazars a copy of

Financial Statements and Exhibits

Financial Statements and Exhibits (a) and (b) not applicable (c) Exhibits 16.1 Mazars USA, LLP Response Letter 2 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. SCIENTIFIC INDUSTRIES, INC. Date: June 6, 2024 By: /s/ Helena R. Santos Helena R. Santos, President and Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR