FONAR Corporation's Audit Committee conducted a competitive process and subsequently dismissed Marcum LLP as the company's independent registered public accounting firm on December 11, 2024. This decision was effective immediately.
Marcum's reports on FONAR's consolidated financial statements for the years ended June 30, 2024, and 2023, did not contain any adverse opinions or disclaimers. There were no disagreements or reportable events between the company and Marcum during the two most recent fiscal years or the subsequent interim period.
Following the dismissal, the Audit Committee selected CohnReznick LLP to serve as the company's auditors for the fiscal year ending June 30, 2025. This appointment is contingent upon the execution of an engagement letter and completion of CohnReznick's standard client acceptance procedures.
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