SPAR Group Changes Auditors, Dismissing BDO USA and Engaging Grant Thornton LLP

summarizeSummary

SPAR Group, Inc. announced the dismissal of BDO USA, P.C. as its independent registered accounting firm and the engagement of Grant Thornton LLP for fiscal year 2026, with no reported disagreements on accounting principles.

check_boxKey Events

• Auditor Dismissal

  The Audit Committee and Board approved the dismissal of BDO USA, P.C. as the independent registered accounting firm on April 6, 2026.

• New Auditor Engagement

  Grant Thornton LLP has been engaged as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.

• No Accounting Disagreements

  The company reported no disagreements with BDO USA, P.C. on accounting principles, financial statement disclosure, or audit scope.

• Material Weaknesses Acknowledged

  The filing noted that BDO had discussed previously disclosed material weaknesses in internal control over financial reporting as of December 31, 2024, related to financial close processes and non-recurring transactions.

auto_awesomeAnalysis

This 8-K details a significant change in SPAR Group's corporate governance, replacing its long-standing auditor BDO USA, P.C. with Grant Thornton LLP. While the company explicitly stated there were no disagreements on accounting principles or audit scope, the filing does reference previously disclosed material weaknesses in internal controls over financial reporting as of December 31, 2024. This change occurs amidst a challenging period for the company, including a recent Nasdaq delisting notice and widened net losses, making robust financial oversight critical. Investors will monitor Grant Thornton's initial reports for any new insights into the company's financial health and internal controls.