Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
Syntec Optics Holdings, Inc. (OPTX) reported that its Audit Committee dismissed CBIZ CPAs P.C. as independent registered public <a href="https://bitcomme.com/upsa-launches-accounting-software-to-enhance-practical-skills/” title=”UPSA launches Accounting Software to enhance practical skills”>accounting firm on August 19, 2026, and concurrently approved the appointment of WithumSmith+Brown, PC as successor auditor starting with the quarter ending September 30, 2026 and the audit for 2026.
The company states that CBIZ CPAs’ audit report on the consolidated financial statements for the year ended December 31, 2025 contained no adverse opinion, disclaimer, or qualification, and that there were no disagreements on accounting principles, financial disclosure, or audit scope, and no reportable events other than disclosed material weaknesses in internal control over financial reporting, including lack of formal control documentation, inadequate reconciliations, related-party controls, non‑routine transaction controls, and IT general controls, cyber security, and SOC‑1 review controls.
Positive
- None.
Negative
- The company discloses multiple material weaknesses in internal control over financial reporting, including lack of documented processes, weak reconciliation controls, insufficient related‑party and non‑routine transaction controls, and significant gaps in IT general and cyber security controls.
