Kingstone Companies (KINS) announced on August 18 that its Audit Committee approved hiring Big Four firm Deloitte as its independent auditor for fiscal year 2026, while dismissing CBIZ CPAs, which had been on board only since April 2025 after picking up Marcum's attest business. The Audit Committee cited Deloitte's dedicated insurance practice and depth of resources as key reasons for the switch. Notably, CBIZ's audit opinion on the 2025 financial statements itself was clean, but the firm issued an adverse attestation on internal controls over financial reporting, driven by a material weakness stemming from missing SOC 1 Type 2 reports for the company's premium quoting platform and general ledger system.
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