secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001193125-23-102038
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody dismisses EY as auditor, hires Deloitte; cites material weaknesses in internal controls
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- EY dismissed as independent auditor effective April 11, 2023; Deloitte & Touche engaged for fiscal 2023.
- No disagreements with EY on accounting or auditing matters; material weaknesses in ITGCs and impairment controls previously reported.
- Material weaknesses: insufficient user access controls, program change management, and impairment analysis documentation.
- EY provided a letter to the SEC agreeing with the Company's statements (Exhibit 16.1).
- Auditor change results from competitive review; engagement of D&T effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312523102038/0001193125-23-102038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312523102038/d492950d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-102038

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