Grayscale CoinDesk Crypto 5 ETF (GDLC): auditor change — Grayscale Digital Large Cap Fund dismisses Marcum, appoints KPMG as auditor for FY2025

Grayscale CoinDesk Crypto 5 ETF

Audit committee dismissed Marcum LLP effective after completion of FY2024 audit (June 30, 2024) and appointed KPMG LLP for FY2025.
Marcum's reports for FY2023 and FY2022 contained no adverse opinion except emphasis of matter on digital asset investments.
No disagreements with Marcum or predecessor Friedman LLP on accounting principles or audit scope in FY2023, FY2022, or through March 1, 2024.
KPMG engagement begins with fiscal year ending June 30, 2025; no prior consultations subject to disagreement or reportable events.

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

Grayscale CoinDesk Crypto 5 ETF dismissed Marcum LLP as its auditor.

Action: dismissal
Auditor: Marcum LLP
Successor: KPMG LLP

Exact text from the filing

On March 1, 2024, the Audit Committee of the Board of Directors of Grayscale Investments, LLC, the manager (the "Manager") of Grayscale Digital Large Cap Fund LLC (the "Fund"), approved the dismissal of the current independent registered public accounting firm of the Fund, Marcum LLP ("Marcum"), effective following the completion of the audit of the Fund’s financial statements for the fiscal year ending June 30, 2024.

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

Grayscale CoinDesk Crypto 5 ETF engaged KPMG LLP as its auditor.

Action: engagement
Auditor: KPMG LLP

Exact text from the filing

On March 1, 2024, the Audit Committee of the Board of Directors of the Manager approved the engagement of KPMG LLP ("KPMG") to be the Fund’s independent registered public accounting firm to perform independent audit services for the Fund beginning with its fiscal year ending June 30, 2025.

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Source: SEC EDGAR

accession 0000950170-24-027119

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