secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Health Inc. (COSM)
CIK:        0001474167
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001477932-23-005797
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Health auditor Armanino resigns; KPMG hired; prior internal control weaknesses disclosed
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- Armanino LLP resigned effective upon engagement of new auditor or filing of Q3 10-Q, citing its transition away from public company audits.
- Prior audit reports for FY2021 and 2022 were unqualified; no disagreements or reportable events occurred.
- Material weaknesses in internal controls noted for FY2021/22: lack of segregation of duties, insufficient review, and inadequate ITGCs.
- KPMG Certified Auditors (Athens, Greece) appointed Aug 7, 2023, to audit FY2023 financials and review Q3 10-Q.
- No prior consultations with KPMG regarding disagreements or reportable events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474167/000147793223005797/0001477932-23-005797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474167/000147793223005797/cosm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-005797

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