CaptiVision Inc. Faces Uncertainty as Accounting Firm UHY Resigns Amid Financial Statement Misstatements
CaptiVision Inc. has announced the resignation of UHY, LLP as its independent registered public accounting firm, effective August 1, 2025. UHY, which was appointed in October 2024, had not completed any audits of the company's financial statements. This resignation follows CaptiVision's earlier disclosure of material misstatements in its financial statements and anticipated reporting of material weaknesses in internal controls over financial reporting. Without a timely appointment of a new auditor, the company faces significant uncertainty in filing its audited financial statements for the year ending December 31, 2024, and correcting prior period misstatements. Despite UHY's resignation, there were no disagreements on accounting practices or reportable events.
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