other material
confidence high
sentiment neutral
materiality 0.60
Turning Point Brands dismisses auditor RSM, appoints KPMG; cites material weakness in ITGC
Turning Point Brands, Inc.
- RSM US LLP dismissed as independent auditor; KPMG LLP appointed for FY 2025 effective March 7, 2025.
- RSM's reports for 2023-2024 were unqualified except for material weakness in IT general controls (user access, program change).
- No accounting disagreements with RSM; only reportable event was the material weakness previously disclosed in 10-K.
- Company engaged KPMG citing growth and evolving needs; KPMG had no prior consultations with the company.