SANUWAVE Health Inc. Changes Auditors Amid Internal Control Weaknesses

Reuters
05-16
SANUWAVE Health Inc. Changes Auditors Amid Internal Control Weaknesses

SANUWAVE Health Inc., a Nevada corporation, announced a change in its independent registered public accounting firm, transitioning from CBIZ CPAs P.C. to Baker Tilly US, LLP, effective for the fiscal year ending December 31, 2025. The decision, approved by the company's Audit Committee, comes after identifying material weaknesses in internal controls over financial reporting. These weaknesses include a lack of internal controls over key accounting and IT processes, insufficient expertise to apply U.S. GAAP to complex transactions, and inadequate resources for financial instrument accounting in service agreements. The transition aims to address these issues and enhance the company's financial reporting standards.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SANUWAVE Health Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-025878), on May 15, 2025, and is solely responsible for the information contained therein.

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