other material
confidence high
sentiment neutral
materiality 0.60
AES dismisses EY as auditor, appoints KPMG ahead of merger closing
AES CORP
- Dismissal of EY effective upon filing Q2 2026 10-Q; KPMG engaged for FY 2026.
- EY loses independence after merger with entities controlled by Global Infrastructure Management and EQT Infrastructure VI.
- KPMG had impermissible services (tax, payroll, legal) at subsidiaries; all completed/terminated, no independence impairment.
- No disagreements or reportable events with EY other than previously disclosed 2024 material weakness in AES Brasil disposition controls.