ScanTech AI Systems Inc. Auditor Resigns Over Unreviewed Quarterly Filing and Internal Controls Weaknesses
**ScanTech AI Systems Inc. Announces Resignation of Independent Auditor Over Financial Reporting Issue** ScanTech AI Systems Inc. disclosed that its independent registered public accounting firm, UHY LLP, has resigned effective immediately, citing concerns over the company's recent financial reporting practices. UHY stated that it had not completed its review of ScanTech's financial statements for the quarter ended June 30, 2025, before the company filed its Form 10-Q with the SEC on September 17, 2025. The auditor's reports for fiscal years 2023 and 2024 were not adverse or qualified, other than referencing substantial doubt about ScanTech's ability to continue as a going concern. ScanTech also acknowledged material weaknesses in its internal controls related to segregation of duties and risk management. The company's audit committee has begun searching for a new independent accounting firm.
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