secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Health Inc. (COSM)
CIK:        0001474167
Form:       8-K/A
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001477932-24-002483
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Health dismisses KPMG, hires RBSM; KPMG flags possible illegal act, company disagrees
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- Dismissed KPMG as auditor immediately on April 26, 2024; KPMG unable to complete 2023 audit on time.
- KPMG says it identified transactions with a third-party consignment vendor suggesting an illegal act may have occurred and requested investigation.
- Company disputes; says KPMG never said 'illegal act,' and inventory count on Apr 30 substantiated transaction.
- Appointed RBSM LLP as new independent auditor on April 29, 2024 to audit fiscal year 2023 financial statements.
- KPMG suspended audit work Apr 10; company unable to timely file Form 10-K for FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474167/000147793224002483/0001477932-24-002483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474167/000147793224002483/cosm_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-002483

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