American Shared Hospital Services has announced a change in their certifying accountants following the merger of their independent registered public accounting firm, Moss Adams LLP, with Baker Tilly US, LLP. Effective June 3, 2025, Baker Tilly will take over as the company's independent registered public accounting firm. The company's Audit Committee has approved this transition. Notably, during 2023 and 2024, there were no disagreements with Moss Adams on accounting practices or financial disclosures. However, a material weakness was identified in the company's internal control over financial reporting due to insufficient personnel and resources to maintain an effective control environment. This issue remains unremedied, but Moss Adams is authorized to fully cooperate with Baker Tilly in addressing this matter. Moss Adams' audit reports for the past two years were unqualified, reflecting no adverse opinions or modifications.
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