XCel Brands Inc. Announces Dismissal of CBIZ CPAs Due to Reporting Delays and Control Weaknesses

Reuters
2025.09.23 15:22
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XCel Brands Inc. has dismissed CBIZ CPAs P.C. as its independent registered public accounting firm due to reporting delays and control weaknesses. This decision, made on September 15, 2025, follows the firm's appointment just months earlier. CBIZ CPAs did not issue any audit reports during their engagement, and the dismissal was attributed to a material weakness in the company's controls affecting timely financial reporting. CBIZ CPAs acknowledged these issues in a letter to the SEC.