Bitcoin Depot Says Material Weaknesses, Which Management Identified In Its Internal Control Over Financial Reporting, Had Not Been Remediated As Of June 30, 2024 - Filing
Portfolio Pulse from Benzinga Newsdesk
Bitcoin Depot has identified material weaknesses in its internal control over financial reporting, which have not been remediated as of June 30, 2024. The company has dismissed KPMG LLP as its independent auditor and appointed Wolf & Company, P.C. in its place.
August 27, 2024 | 9:11 pm
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Bitcoin Depot has unresolved material weaknesses in its financial reporting controls and has changed its auditor from KPMG to Wolf & Company.
The unresolved material weaknesses in financial reporting controls could lead to investor concerns about the accuracy of financial statements, potentially impacting the stock negatively. The change in auditors might also raise questions about the company's financial practices.
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