Innovative Food Holdings Makes Strategic Change in Accounting Firms
Innovative Food Holdings, Inc. (OTCQB: IVFH) has announced an important transition regarding its financial oversight. This change comes as the company, recognized for providing specialty foods to professional chefs, aims to strengthen its accounting practices. The shift was officially communicated in a recent company announcement detailing the details of this process.
Decision to Change Auditors
As of April 28, 2025, Assurance Dimensions, LLC has stepped down as the independent registered public accounting firm for Innovative Food Holdings. This decision by Assurance Dimensions stems from its strategic choice to exit the public audit sector altogether. Assurance Dimensions had been at the helm for multiple fiscal years, covering the financial statements for the years ending December 31 in 2024, 2023, and 2022.
Prior Relationship with Assurance Dimensions
During its tenure as auditor, Assurance Dimensions provided consistent and clear reports on the company’s financial standing. Their evaluations did not include adverse opinions or qualifiers, signaling a strong partnership throughout their service period. Notably, there were no disagreements between the two entities regarding accounting principles or financial reporting, indicating a collaborative atmosphere during their audit processes.
Engagement of Stephano Slack LLC
Transitioning swiftly to prevent any disruption in financial oversight, Innovative Food Holdings has welcomed Stephano Slack LLC as its new independent registered public accounting firm. This firm will not only take over duties effective immediately but will also ensure continuity in auditing through at least September 30, 2025. This strategic move reflects Innovative Food Holdings' commitment to maintaining high standards in financial reporting and accountability as they move forward.
Support and Continuity of Service
To facilitate a smooth transition, the staff from Assurance Dimensions will continue to support the incoming firm, ensuring that the handover is seamless. This collaborative effort is designed to maintain quality and consistency during the auditing process for the upcoming fiscal years.
Leadership’s Perspective on the Transition
Gary Schubert, the Chief Financial Officer of Innovative Food Holdings, shared his thoughts on this transition, expressing gratitude for the services rendered by Assurance Dimensions over the years. He emphasized the company’s eagerness to forge a productive relationship with Stephano Slack LLC, reinforcing their ongoing mission to offer exceptional specialty foods to customers. In a dynamic market, adapting to change proactively positions the company for continued success.
About Innovative Food Holdings, Inc.
At Innovative Food Holdings, we believe every meal should be unique and memorable. Our focus is on sourcing hard-to-find ingredients that carry unique stories and trends in the culinary world. We connect artisan food creators with top chefs nationwide, curating a selection that enables culinary professionals to turn their visions into extraordinary dining experiences. By leveraging technology and our extensive network, we strive to innovate and enhance the world of gastronomy.
Frequently Asked Questions
Why did Innovative Food Holdings change its accounting firm?
The company changed its accounting firm as Assurance Dimensions decided to exit the public company audit business, and Innovative Food Holdings engaged Stephano Slack LLC for improved oversight.
What benefits does the new accounting firm bring?
Stephano Slack LLC brings fresh perspectives and expertise which can enhance the company's financial strategies and compliance, ensuring accuracy and transparency in their reporting.
How long will Stephano Slack LLC serve as the auditor?
Stephano Slack LLC will serve as the independent auditor through at least September 30, 2025, ensuring continuity in the company’s financial assessments.
What was the previous auditing relationship like?
Assurance Dimensions provided stable and clear financial reports without any conflicts or adverse opinions during their tenure with Innovative Food Holdings.
Who is the contact person for investors or media inquiries?
Gary Schubert, the Chief Financial Officer, is the point of contact for any investor or media inquiries regarding the company's financial matters.
