Phunware Inc. has announced a change in its independent registered public accounting firm following the acquisition of Marcum LLP's attest business by CBIZ CPAs P.C. As a result, Marcum resigned as Phunware's auditor, and the company's Audit Committee approved this resignation. The audit reports by Marcum for the fiscal years 2023 and 2024 were without adverse opinions or modifications. However, the company identified ineffective design of IT general controls concerning user access, program changes, and segregation of duties, exacerbated by cost-cutting measures and turnover in its accounting function. Phunware has engaged CBIZ CPAs as its new auditor for the fiscal year ending December 31, 2025.
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