Kingstone Companies Appoints New Auditor, Replaces Marcum LLP
Ticker: KINS · Form: 8-K · Filed: Apr 8, 2025 · CIK: 33992
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Kingstone swapped auditors, dumping Marcum for CBIZ & MHM.
AI Summary
Kingstone Companies, Inc. announced on April 8, 2025, the resignation of its independent registered public accounting firm, Marcum LLP. Concurrently, the company appointed CBIZ & MHM, P.C. as its new independent registered public accounting firm, effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor closely.
Risk Assessment
Risk Level: medium — A change in auditors, especially without a detailed explanation, can introduce uncertainty about the company's financial reporting and internal controls.
Key Players & Entities
- KINGSTONE COMPANIES, INC. (company) — Registrant
- Marcum LLP (company) — Resigning independent registered public accounting firm
- CBIZ & MHM, P.C. (company) — Appointed independent registered public accounting firm
- April 8, 2025 (date) — Date of the event
FAQ
When did Marcum LLP's resignation become effective?
The filing does not specify an effective date for Marcum LLP's resignation, only that it was announced on April 8, 2025.
What was the reason for Marcum LLP's resignation?
The filing states that the resignation of Marcum LLP was not due to any disagreement with the registrant on any matter of accounting principles or practices, or financial statement disclosure.
Has Kingstone Companies, Inc. consulted with CBIZ & MHM, P.C. regarding any significant accounting or financial reporting issues?
No, the filing explicitly states that Kingstone Companies, Inc. has not consulted with CBIZ & MHM, P.C. regarding any application of accounting principles or their disclosure in the financial statements or as to the type and principal qualities of disclosure.
When was CBIZ & MHM, P.C. appointed as the new independent registered public accounting firm?
CBIZ & MHM, P.C. was appointed as the new independent registered public accounting firm effective April 8, 2025.
Did Marcum LLP audit Kingstone Companies, Inc.'s financial statements for any specific periods?
The filing does not specify the periods audited by Marcum LLP, only that their resignation was announced on April 8, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 8, 2025 regarding KINGSTONE COMPANIES, INC. (KINS).