secwatch.observer — SEC 8-K summary
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Issuer:     Freedom Holding Corp. (FRHC)
CIK:        0000924805
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0000924805-23-000034
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Freedom Holding Corp. restates FY2022, Q1-Q2 FY2023 cash flows; third non-reliance notice
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- Audit committee says FY2022 10-K and Q1, Q2 FY2023 10-Qs can no longer be relied upon due to cash flow classification error.
- Funds from Kazakhstan mortgage program '7-20-25' misclassified as operating activities instead of financing activities.
- Company states error had no impact on operating performance or reported KPIs; only cash flow classification affected.
- Third non-reliance notice in four months; prior issues involved loan classification and interest income, with material weaknesses identified.
- Management discussed matters with former auditor WSRP LLC and current auditor Deloitte Kazakhstan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924805/000092480523000034/0000924805-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924805/000092480523000034/frhc-20230314.htm
  HTML page:      https://secwatch.observer/filing/0000924805-23-000034

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