Trump Media & Technology Group Corp. (DJT): auditor change — DWAC restates 2021 financials after audit committee finds expense accounting errors; material weakness cited

Trump Media & Technology Group Corp.

Audit committee on Oct 13, 2023 concluded 2021 audited financials (filed Apr 13, 2022) are no longer reliable.
Errors relate to accounting of certain expenses previously flagged in May 2023 8-K.
Material weakness in internal control over financial reporting and ineffective disclosure controls.
Company plans to amend 2021 10-K and restate 2021 audited financials in the 2022 10-K.
No impact expected on cash position or cash held in the trust account.

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 0.95

Trump Media & Technology Group Corp. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On October 13, 2023, Digital World Acquisition Corp.’s (the “ Company ”) audit committee concluded that the Company’s audited financial statements as of and for the year ended December 31, 2021 (the “ 2021 Audited Financials ”) included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and filed with the Securities and Exchange Commission (“ SEC ”) on April 13, 2022 (the “ 2021 10-K ”) should no longer be relied upon.

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Trump Media & Technology Group Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-256989

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