SANUWAVE Health Inc., a Nevada corporation, announced a change in its independent registered public accounting firm, transitioning from CBIZ CPAs P.C. to Baker Tilly US, LLP, effective for the fiscal year ending December 31, 2025. The decision, approved by the company's Audit Committee, comes after identifying material weaknesses in internal controls over financial reporting. These weaknesses include a lack of internal controls over key accounting and IT processes, insufficient expertise to apply U.S. GAAP to complex transactions, and inadequate resources for financial instrument accounting in service agreements. The transition aims to address these issues and enhance the company's financial reporting standards.
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