---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024808"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:27:47.065022+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness dismisses KPMG, hires BPB as new auditor; cites material weaknesses

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-024808
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024808/0000950170-23-024808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024808/nept-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024808
- JSON: https://secwatch.observer/filing/0000950170-23-024808.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024808.txt

## Key facts
- Auditor Changes
  Neptune Wellness Solutions Inc. engaged Berkowitz Pollack Brant Advisors + CPAs as its auditor.
  - Action: engagement
  - Auditor: Berkowitz Pollack Brant Advisors + CPAs
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024808/0000950170-23-024808-index.htm
- Auditor Changes
  Neptune Wellness Solutions Inc. dismissed KPMG LLP as its auditor.
  - Action: dismissal
  - Auditor: KPMG LLP
  - Successor: Berkowitz Pollack Brant Advisors + CPAs
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024808/0000950170-23-024808-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.