Better Home & Finance Holding Co (BETR): auditor change — Aurora Acquisition restates 2021 annual and 2022 quarterly financials due to expense errors

Better Home & Finance Holding Co

Audit Committee and Board concluded previously issued financials for 2021 Form 10-K and Q1-Q3 2022 should no longer be relied upon.
Errors relate to expenses not properly recorded in the period they occurred, including a related-party transaction.
Company will restate affected periods in the 2022 Form 10-K; no impact on cash or trust account.
Management identified a material weakness in internal control over financial reporting for the affected periods.
Remediation plan for the material weakness will be detailed in the 2022 Form 10-K.

item 4.02

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

Better Home & Finance Holding Co reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

on March 26, 2023, the Audit Committee (the “Audit Committee”) of the board of directors of the Company (the “Board”) and the Board, in consultation with the Company’s management and its advisors , concluded that the Company’s previously issued financial statements issued in connection with: (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, originally filed on March 25, 2022 (the “2021 Form 10-K”); and (ii) the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended September 30, 2021, March 31, 2022, June 30, 2022 and September 30, 2022, originally filed on November 15, 2021, May 16, 2022, August 15, 2022 and November 14, 2022, respectively (collectively, the “Affected Periods”) should no longer be relied upon.

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Source: SEC EDGAR

accession 0001104659-23-038338

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