other material
confidence high
sentiment neutral
materiality 0.60
Victory Capital Holdings, Inc. (VCTR): auditor change — Victory Capital replaces auditor EY with Deloitte ahead of Amundi transaction
Victory Capital Holdings, Inc.
- Audit Committee on March 4, 2025 notified EY it will not continue after completing 2024 statutory audits; Deloitte appointed for FY2025.
- Reason: auditor independence rules related to Amundi Asset Management contribution agreement.
- No disagreements or reportable events between EY and the company in FY2024, FY2023, and interim 2025 period.
- No prior consultations with Deloitte on accounting principles or audit matters.
- EY's reports for FY2024 and FY2023 were unqualified.