---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-035158"
form_type: "8-K"
ticker: "STGW"
cik: "0000876883"
company_name: "Stagwell Inc"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:44:09.341011+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stagwell dismisses Deloitte as auditor, appoints PwC citing cost reduction

## Summary
- Deloitte & Touche dismissed as independent auditor; PricewaterhouseCoopers engaged effective March 16, 2023.
- Auditor switch driven by cost reduction objective; Deloitte's reports for 2021 and 2022 were unqualified except for adverse opinion on internal controls.
- No reportable disagreements on accounting principles; material weaknesses in internal controls continue, including IT access, segregation of duties, and monitoring.
- Material weaknesses cover risk assessment, control activities, information/communication, and monitoring; not yet remediated.

## SEC filing metadata
- accession: 0001104659-23-035158
- form_type: 8-K
- ticker: STGW
- cik: 0000876883
- company_name: Stagwell Inc
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876883/000110465923035158/0001104659-23-035158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876883/000110465923035158/tm2310169d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-035158
- JSON: https://secwatch.observer/filing/0001104659-23-035158.json
- Plain text: https://secwatch.observer/filing/0001104659-23-035158.txt

## Key facts
- Auditor Changes
  Stagwell Inc engaged PricewaterhouseCoopers LLP as its auditor.
  - Action: engagement
  - Auditor: PricewaterhouseCoopers LLP
  source text: On March 16, 2023, the Company engaged PwC to serve as the Company’s independent registered public accounting firm, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/876883/000110465923035158/0001104659-23-035158-index.htm
- Auditor Changes
  Stagwell Inc dismissed Deloitte & Touche LLP as its auditor.
  - Action: dismissal
  - Auditor: Deloitte & Touche LLP
  - Successor: PricewaterhouseCoopers LLP
  source text: notified Deloitte & Touche LLP (“ Deloitte ”) of its dismissal as the Company’s independent registered public accounting firm effective as of that date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/876883/000110465923035158/0001104659-23-035158-index.htm

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