other material
confidence high
sentiment negative
materiality 0.80
Trump Media & Technology Group Corp. (DJT): auditor change — Digital World Acquisition Corp. auditor Marcum resigns; 2022 restatement pending
Trump Media & Technology Group Corp.
- Marcum LLP resigned as DWAC's auditor on July 27, 2023; 2022 financials require restatement due to accounting errors.
- Reportable events include accounting errors for 2022 expenses and missing board minutes; material weakness not remediated.
- Company delayed filing restated 2022 Form 10-K and Q1 2023 Form 10-Q; seeking new independent auditor.
- Marcum settled SEC enforcement action on June 21, 2023, paying $10M penalty for quality control failures in SPAC audits.