other
confidence high
sentiment neutral
materiality 0.25
Grayscale Litecoin Trust replaces auditor Friedman LLP with Marcum LLP after practice combination
Grayscale Litecoin Trust (LTC)
- Friedman's audit practice combined with Marcum effective September 1, 2022.
- Audit Committee approved dismissal of Friedman and engagement of Marcum on September 27, 2022.
- Friedman's reports for FY2022 and FY2021 were unmodified except for an emphasis-of-matter paragraph on digital assets.
- No disagreements with Friedman on accounting principles, financial statement disclosure, or audit scope.
- Trust has not consulted Marcum on any accounting, auditing, or financial reporting issues prior to engagement.