other material
confidence high
sentiment negative
materiality 0.65
Compass Diversified dismisses Grant Thornton, appoints Deloitte; prior audit had going concern and material weaknesses
Compass Diversified Holdings
- Grant Thornton's 2024 report included going concern doubt and restatement; 2024 and 2025 reports had adverse internal control opinions.
- No disagreements between CODI and Grant Thornton on accounting matters during the relevant periods.
- Deloitte appointed to review interim Q2 2026 and audit FY 2026; no prior consultations with Deloitte.
- Audit Committee approved dismissal and appointment on July 16, 2026.