other material
confidence high
sentiment neutral
materiality 0.40
Crown Crafts dismisses KPMG, engages Grant Thornton as new auditor
CROWN CRAFTS INC
- KPMG dismissed as independent auditor effective Aug 27, 2026; Grant Thornton engaged for FY ending Mar 28, 2027.
- No disagreements; only reportable event was material weakness in manual journal entry controls, first reported in FY2025 10-K, remediated as of Mar 29, 2026.
- KPMG's audit reports for FY2026 and FY2025 were unqualified, no adverse opinion or disclaimer.
- KPMG letter to SEC dated Aug 31, 2026 filed as Exhibit 16.1; competitive proposal process completed.