Company: FORA
Filing Date: 2025-07-01
Form Type: 8-K
Source: 0001140361-25-024403
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Company: Forian Inc.
Filing Date: 2025-07-01
Form: 8-K
Item: Item 4.01
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Item 4.01      Changes in Registrant’s Certifying Accountant.  

  (a)      Dismissal of Independent Registered Public Accounting Firm  

On June 26, 2025, the Audit Committee of the Board of Directors of Forian, Inc. (the “ Company”) dismissed CBIZ CPAs P. C. (“ CBIZ”) as
the Company’s independent registered accounting firm.

As previously disclosed, on April 24, 2025, in connection with the acquisition of the attest business of Marcum LLP (“ Marcum”) by
CBIZ, the Company dismissed Marcum and engaged CBIZ as the Company’s independent public accounting firm.

From April 24, 2025 through June 26, 2025, (i) there were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and
the related instructions) with CBIZ on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to CBIZ’s satisfaction, would have caused CBIZ to make reference to the
subject matter of the disagreement in connection with its reports, and (ii) there were no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K., except for (i) the material weakness relating to the design of our general information
technology controls surrounding logical access, change management, and vendor application management, which was identified in connection with the Company’s preparation of its financial statements for the for the year ended December 31, 2023 and
remediated as of December 31, 2024, (ii) the material weakness relating to the lack of properly designed controls to validate the accuracy and appropriateness of payables transactions and prevent the possibility of fraudulent or fictitious
payments, which was identified in connection with the Company’s preparation of its financial statements for the year ended December 31, 2024, and (iii) the material weakness relating to our failure to design, implement and maintain effective
controls over revenue recognized for certain contracts relating to the proper application of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“ ASC 606”), specifically our failure to maintain effective controls
relating to accounting for fixed minimum payments in contracts with variable revenues based on customer sales, which was identified in connection with the Company’s preparation of its financial statements for the year ended December 31, 2024, and
which led to the restatement