SPAR Group dismisses auditor BDO USA, notes it has identified material weaknesses in internal control over financial reporting in the past and may do so again in financial controls

Filed April 13, 2026 · Period ending April 7, 2026 · ~1 min read

Key Changes

• high

  Company dismissed BDO USA as auditor and hired Grant Thornton LLP for fiscal 2026, following Audit Committee review of accounting firm relationships.

  Item 4.01 verify on EDGAR →
• high

  Management failed to maintain effective controls over financial close process, causing errors in revenue, expenses, accruals, and prepaid accounts at year-end 2024.

  Item 4.01 - Material Weakness #1 verify on EDGAR →
• high

  Inadequate controls over non-recurring transactions led to errors in accounting for international subsidiary deconsolidation and sale during 2024.

  Item 4.01 - Material Weakness #2 verify on EDGAR →