other material
confidence high
sentiment neutral
materiality 0.50
ACADIA REALTY TRUST (AKR): auditor change — Acadia Realty Trust dismisses BDO as auditor, appoints Deloitte for FY2023
ACADIA REALTY TRUST
- Audit committee dismissed BDO USA and appointed Deloitte & Touche as independent auditor, effective July 13, 2023.
- BDO's 2022 and 2021 reports were unqualified except for an adverse opinion on internal controls in 2021 related to a prior restatement.
- No disagreements with BDO on accounting principles, financial statement disclosure, or audit scope during the two most recent fiscal years.
- Change resulted from a competitive process among several accounting firms.