Research Reports

Key takeaways

Audit Committee dismissed Forvis Mazars, LLP effective May 8, 2026.

Forvis audit reports for fiscal years 2024 and 2025 contained no adverse opinions or qualifications.

Management and Forvis concurred on material weakness in internal controls as of December 31, 2024 and 2025.

No disagreements with Forvis during two most recent fiscal years or interim periods prior to dismissal.

Audit Committee appointed Grant Thornton, LLP as new independent auditor on May 8, 2026.

No prior consultations with Grant Thornton on accounting or audit matters.

Full analysis

The change in independent registered public accounting firm from Forvis Mazars to Grant Thornton was approved by the Audit Committee without any disagreements on accounting principles, financial disclosures, or audit scope during the prior two fiscal years ended December 31, 2024 and 2025, or subsequent interims. Forvis's audit opinions were unqualified, though both firm and management agreed on a material weakness in internal control over financial reporting as previously reported in the 10-K filings. Forvis confirmed agreement with the 8-K disclosures in Exhibit 16. No pre-appointment consultations occurred with Grant Thornton on specified matters. This routine auditor transition poses limited immediate risk to financial reporting integrity but underscores ongoing internal control challenges warranting investor monitoring.

IPAR · Inter Parfums, Inc.

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