Neptune Wellness Solutions Inc.: auditor change — Neptune Wellness dismisses KPMG, hires BPB as new auditor; cites material weaknesses

Neptune Wellness Solutions Inc.

KPMG dismissed upon completion of FY2023 audit; Berkowitz Pollack Brant engaged as new auditor for FY2024.
KPMG's report included going-concern doubt; company may need funding soon or liquidate.
Material weaknesses in internal controls over financial reporting and IT general controls were identified.
No disagreements with KPMG on accounting principles; reportable events were the material weaknesses.
Audit committee approved change on May 25, 2023; KPMG letter attached as Exhibit 16.1.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Neptune Wellness Solutions Inc. engaged Berkowitz Pollack Brant Advisors + CPAs as its auditor.

Action: engagement
Auditor: Berkowitz Pollack Brant Advisors + CPAs

Exact text from the filing

the Audit Committee and Board of Directors of Neptune Wellness Solutions Inc. (the "Company") approved the engagement of Berkowitz Pollack Brant Advisors + CPAs (“BPB”) as our independent registered public accounting firm

View on SEC.gov

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Neptune Wellness Solutions Inc. dismissed KPMG LLP as its auditor.

Action: dismissal
Auditor: KPMG LLP
Successor: Berkowitz Pollack Brant Advisors + CPAs

Exact text from the filing

KPMG LLP (“KPMG”), which is currently serving as the Company's independent auditors, was informed that it will be dismissed upon completion of their audit

View on SEC.gov

Browse all auditor changes →

Source: SEC EDGAR

accession 0000950170-23-024808

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.