B. Riley Appoints BDO as Accounting Firm for 2025 Audit

B. Riley Financial has appointed BDO USA as its independent registered public accounting firm for the 2025 audit, aiming to ensure timely financial reporting. The company's shares rose 2.05% to $5.23 pre-market. The appointment is part of B. Riley's efforts to maintain transparency and accountability in its financial reporting.

B. Riley Financial, Inc. (Nasdaq: RILY) has appointed BDO USA, P.C. as its independent registered public accounting firm for the 2025 audit, aiming to ensure timely financial reporting. The company's shares rose 2.05% to $5.23 pre-market, reflecting investor sentiment on the move .

The appointment follows B. Riley's ongoing efforts to regain timely financial reporting, as the company continues to work with Marcum LLP to complete the 2024 annual audit and expects to file the Form 10-K soon . BDO, one of the world's top five accounting firms, brings extensive financial services sector experience and operational scale, with over 12,000 professionals across 75 U.S. offices .

B. Riley's Chief Financial Officer, Scott Yessner, highlighted the progress made on the first and second quarter 2025 Form 10-Qs while the 2024 audit process continues. He noted that the appointment of BDO signals the company's commitment to resolving financial reporting delays and restoring investor confidence .

The appointment of BDO USA for B. Riley Financial's 2025 audit reveals significant underlying issues with the company's financial reporting processes. The current situation appears quite concerning, with B. Riley still working to complete its 2024 annual audit in September 2025, indicating serious delays in financial reporting obligations. The company is simultaneously trying to catch up on Q1 and Q2 2025 reports while finalizing 2024 results .

The involvement of a national accounting and advisory firm beyond their auditors indicates the depth of assistance needed to remediate reporting deficiencies. The selection of BDO, highlighted as "one of the world's top five accounting firms" with "deep experience in financial services," signals the company recognizes it needs substantial accounting resources to address these challenges .

Investors should view this announcement as both an acknowledgment of serious reporting problems and an attempt to demonstrate the company is taking meaningful steps toward resolution. The appointment of BDO USA for the 2025 audit is a significant move that could help B. Riley Financial regain its footing in timely financial reporting and restore investor confidence.

References:
https://www.prnewswire.com/news-releases/b-riley-financial-hires-bdo-usa-for-2025-audit-302550012.html
https://www.stocktitan.net/news/RILY/b-riley-financial-hires-bdo-usa-for-2025-z08o3dz2ehvj.html
https://seekingalpha.com/news/4493347-b-riley-appoints-bdo-as-accounting-firm-for-2025-audit-amid-efforts-for-timely-financial-reporting