other material
confidence high
sentiment positive
materiality 0.80
Zeta Global releases forensic review rebutting false claims, affirms accurate financials
Zeta Global Holdings Corp.
- Audit Committee oversaw forensic review in 2022-2023 after learning of federal probe into Kubient, Inc.
- Latham & Watkins and external forensic accountants reviewed Zeta's contractual arrangements and financial statements.
- Review concluded financial statements are accurate and internal controls over financial reporting are effective.
- Claims in a recent third-party 'report' are false and misleading; company will evaluate legal remedies.
- CAM disclosure in 10-K is routine and does not indicate control deficiencies, per PCAOB guidance.