secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0001193125-22-173023
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Inc. dismisses Moss Adams, appoints Deloitte as new auditor; cites material weaknesses in internal controls
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- Dismissed Moss Adams as independent auditor effective June 8, 2022; appointed Deloitte & Touche for FY 2022, subject to client acceptance.
- Moss Adams' reports for 2021 and 2020 were unqualified but disclosed material weaknesses in internal controls.
- Material weaknesses included lack of formal accounting policies, insufficient finance staff, segregation of duties issues, and IT general controls deficiencies.
- No disagreements with Moss Adams on accounting principles; only reportable events were material weaknesses.
- Deloitte was not consulted on accounting matters prior to engagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522173023/0001193125-22-173023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522173023/d368322d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-173023

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