8-K/A: Richtech Robotics names CBIZ as auditor; Bush agrees

Richtech Robotics replaced Bush & Associates with CBIZ CPAs and filed Bush’s agreement letter confirming the change and disclosures.

Summary

• On March 13, 2026, the Audit Committee and Board approved and ratified the engagement of CBIZ CPAs P.C. as independent registered public accounting firm to audit the fiscal year ending September 30, 2026 and to review the quarters ending March 31, 2026 and June 30, 2026.
• On March 17, 2026, the Audit Committee and Board terminated Bush & Associates CPA LLC as the company’s independent registered accounting firm.
• On March 26, 2026, Bush & Associates sent a letter to the SEC stating it agrees with Richtech Robotics’ Item 4.01 disclosures in the March 19, 2026 Form 8-K; this letter is filed as Exhibit 16.1.
• The report is signed by Chief Executive Officer Zhenwu (Wayne) Huang on March 30, 2026.
• The Bush & Associates letter’s closing line references “Crown Equity Holdings Inc.”

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral governance update: the auditor transition is documented and the former auditor’s agreement reduces uncertainty, but there are no financial or strategic updates.

Positives

• Former auditor expressly agreed with the company’s Item 4.01 disclosures regarding the termination (letter dated March 26, 2026).
• New auditor appointed with defined scope and timelines (FY 2026 audit; reviews for quarters ending March 31, 2026 and June 30, 2026).
• Audit Committee and full Board oversight documented for both the engagement (March 13, 2026) and termination (March 17, 2026).

Negatives

• Mid-year change of independent auditor can introduce transition complexity and incremental costs.
• No financial metrics, operating updates, or guidance are provided, limiting insight into current performance.
• Minor inconsistency in the departing auditor’s letter: the closing references “Crown Equity Holdings Inc.”

Future Outlook

No financial or operational outlook provided; CBIZ CPAs P.C. will conduct the FY 2026 audit and interim reviews for the quarters ending March 31, 2026 and June 30, 2026.

Industry Context

StockSavvy.ai notes that auditor transitions among emerging growth and micro-cap Nasdaq issuers are relatively common. Obtaining an Exhibit 16.1 concurrence letter from the departing firm typically reduces uncertainty around disagreements or reportable events, and defining the new auditor’s scope for the current fiscal year supports timely reporting but does not signal operational performance.

Comparison to Industry Standards

• The nine-day span between termination (2026-03-17) and the former auditor’s agreement letter (2026-03-26) falls within common timelines observed for SEC Item 4.01 processes.
• Engaging an independent registered public accounting firm to audit the current fiscal year and review the next two quarters aligns with standard practice for Nasdaq-listed issuers experiencing an auditor change.
• Filing the former auditor’s agreement as Exhibit 16.1 mirrors U.S. best practice to evidence concurrence and reduce uncertainty for stakeholders.

Corporate Governance

Stakeholder Impact

• Shareholders: Added transparency on the auditor transition; the agreement letter reduces perceived risk of disagreements.
• Creditors: Continuity of audited and reviewed financial statements for FY 2026 supports compliance and reporting expectations.
• Employees, customers, and suppliers: No direct operational impact indicated.

Next Steps

• CBIZ CPAs P.C. to review the quarters ending March 31, 2026 and June 30, 2026.
• CBIZ CPAs P.C. to audit the fiscal year ending September 30, 2026.

Key Dates

Keywords

Richtech Robotics, CBIZ CPAs P.C., Bush & Associates CPA LLC, auditor change, Form 8-K/A, Item 4.01, Exhibit 16.1, independent registered public accounting firm, Nasdaq: RR, SEC disclosure