Kelso Technologies Inc. Announces Change of Auditor
Rhea-AI Summary
Kelso Technologies (KIQSF) appointed CBIZ CPAs P.C. as its new public accounting firm, effective October 6, 2025, following the formal resignation of Smythe LLP effective September 25, 2025. The Audit Committee recommended CBIZ after reviewing multiple proposals and the Board approved the appointment through the next Annual General Meeting. The company sent a Notice of Change of Auditor to both firms; each provided letters agreeing with the Notice that were filed with securities regulators in British Columbia, Alberta and Ontario. The Notice and letters are available on SEDAR+ and EDGAR.
Positive
- Successor auditor CBIZ appointed effective October 6, 2025
- CBIZ described as a top-10 US public accounting firm
- Both auditors provided letters agreeing with the Notice to regulators
- Board selected CBIZ after reviewing multiple firm proposals
Negative
- Former auditor Smythe resigned effective September 25, 2025
- Resignation attributed to a change in Smythe's internal policies
- New auditor appointment is temporary only until the next Annual General Meeting
News Market Reaction 1 Alert
On the day this news was published, KIQSF declined 2.13%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
West Kelowna, British Columbia and Bonham, Texas--(Newsfile Corp. - October 7, 2025) - Kelso Technologies Inc. (TSX: KLS) ("Kelso" or the "Company") is pleased to announce that is has appointed CBIZ CPAs P.C. ("CBIZ" or "Successor Auditor") as the Company's new public accounting firm, effective October 6, 2025.
CBIZ was appointed following the receipt by the Company of the formal resignation of Smythe LLP ("Smythe" or "Former Auditor") effective September 25, 2025. The Audit Committee of the Board of Directors (the "Audit Committee") accepted the resignation of Smythe as the Company's independent registered public accounting firm due to a change in Smythe's policies.
The Board of Directors of the Company, on the recommendation of the Audit Committee after reviewing multiple accounting firm proposals, selected CBIZ as the new auditor until the next Annual General Meeting of the Company.
"CBIZ is ranked among the top 10 public accounting firms in the United States. Their worldwide coverage will be a great asset in Kelso's next phase of growth, and we look forward to working with them," said Mark Temen, independent director and Audit Committee Chair.
The Company has sent a Notice of Change of Auditor (the "Notice") to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the securities commissions in each of British Columbia, Alberta and Ontario stating that they agree with the information contained in the Notice. The Notice and letters have been reviewed by the Company's Board of Directors.
The Notice, together with the letters from the Former Auditor and the Successor Auditor are available on SEDAR+ in Canada and on EDGAR in the United States.
About Kelso Technologies
Kelso is a diverse transportation equipment company that specializes in the creation, production, sales and distribution of proprietary products used in rail and other transportation. The Company's rail equipment business has been developed as a designer and reliable domestic supplier of unique high-quality tank car valves that provide for the safe handling and containment of commodities during rail transport. Kelso products are designed to address the challenging issues of public safety, worker well-being and potential environmental harm while providing effective and efficient operational advantages to customers through the use of the Company's portfolio of proprietary products.
For a more complete business and financial profile of the Company, please view the Company's website at www.kelsotech.com and public documents posted under the Company's profile on SEDAR+ in Canada and on EDGAR in the United States.
On behalf of the Board of Directors,
Frank Busch
President & Chief Executive Officer
Legal Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements indicate expectations or intentions. Forward-looking statements in this news release include the summary description of the Company's business. Although Kelso believes the Company's anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, they can give no assurance that such expectations will prove to be correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors including economic uncertainties and events which may cause the actual results, performance or achievements of Kelso to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, the Company does not intend to update the forward-looking information and forward-looking statements contained in this news release.
For further information, please contact:
| Frank Busch President & Chief Executive Officer Email: investor@kelsotech.com | Sameer Uplenchwar Chief Financial Officer Email: investor@kelsotech.com | Head office: 305 - 1979 Old Okanagan Hwy, West Kelowna, BC V4T 3A4 www.kelsotech.com |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269585
FAQ
Who is Kelso Technologies' new auditor and when is the change effective for KIQSF?
Why did Kelso (KIQSF) change auditors in October 2025?
Did both Smythe and CBIZ agree with Kelso's Notice of Change of Auditor for KIQSF?
Where can investors view the Notice of Change of Auditor for KIQSF?
How long will CBIZ serve as Kelso's auditor for KIQSF?
