other
confidence high
sentiment neutral
materiality 0.40
Abacus Global Management, Inc. (ABX): auditor change — Abacus Life dismisses Marcum, appoints Grant Thornton as independent auditor
Abacus Global Management, Inc.
- Audit committee replaced Marcum LLP with Grant Thornton LLP effective July 17, 2023.
- Marcum's reports for 2021-2022 had no adverse opinion except a going concern uncertainty for predecessor ERES.
- No disagreements with Marcum; only reportable event was a material weakness in internal control over financial reporting.
- Grant Thornton previously audited the Legacy Companies (Abacus Settlements and Longevity Market Assets).
- Exhibit 16.1 letter from Marcum to SEC attached; no adverse comments on disclosures.