Company: RILYN
Filing Date: 2025-09-12
Form Type: 8-K
Source: 0001213900-25-087284
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Company: B. Riley Financial, Inc.
Filing Date: 2025-09-12
Form: 8-K
Item: Item 4.01
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Item 4.01 Change in Registrant’s Certifying Accountant.

(a) Dismissal of Previous Independent Registered
Public Accounting Firm

On September 8, 2025, the
Audit Committee of the Board of Directors (the “ Committee”) of B. Riley Financial, Inc. (the “ Company”) dismissed
Marcum LLP (“ Marcum”), the Company’s prior independent registered public accounting firm, effective upon the completion
of its audit and the issuance of its report on the Company’s consolidated financial statements and internal control over financial
reporting for the Company’s fiscal year ended December 31, 2024, which will be included in the Company’s Annual Report on
Form 10-K for that year.

Marcum’s audit report
on the Company’s consolidated financial statements for the Company’s fiscal year ended December 31, 2023 and 2022 did not
contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles.

During the fiscal years ended
December 31, 2024 and December 31, 2023, and the subsequent interim period through September 8, 2025, there were (i) no disagreements
within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and Marcum on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Marcum’s satisfaction, would
have caused Marcum to make reference to the subject matter of the disagreements in connection with its reports on the Company’s
consolidated financial statements for such years, and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v)
of Regulation S-K, except for the following material weaknesses in the Company’s internal control over financial reporting:

  The Company identified a separate material weakness relating to information technology general controls                                      

  The Company was unable to rely on a System and Organization Controls (“ SOC”) 1 Type 2 report                                                

  The Company identified two material weaknesses in controls related to ITGCs at the Company’s Lingo                                          

  The Company identified a material weakness relating to the operating effectiveness of management’s review                                   

  The Company identified a material weakness relating to the operating effectiveness of management’s                                       

  The Company identified a material weakness relating to the operating effectiveness of management’s review                              

  The Company identified a material weakness relating to the operating effectiveness of