B. Riley Discloses Reporting Weaknesses Amid Auditor Transition

B. Riley Financial Inc., whose investors are still awaiting last year’s audited results, said the report will cite 10 weaknesses in its controls ranging from technology to how it valued investments.

In a filing Friday with US Securities and Exchange Commission, B. Riley said the weaknesses — some of them repeated from the prior year — were identified in consultations with auditors at Marcum LLP. B. Riley said it’s dismissing Marcum after the long-overdue 2024 annual report is finished. In a statement earlier this week, B. Riley said the report would be done “soon,” without specifying a date. ...