secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Health Inc. (COSM)
CIK:        0001474167
Form:       8-K/A
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001477932-24-002502
Event type: other_material
Sentiment:  negative
Materiality: 0.78
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Health dismisses KPMG amid dispute over inventory transactions; appoints RBSM
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- KPMG dismissed on April 26, 2024 after failing to complete 2023 audit timely; cites unresolved inventory concerns.
- KPMG claims it identified transactions suggesting an illegal act may have occurred and requested investigation.
- Company denies KPMG raised illegal-act claim; says independent inventory count on April 30 validated the transactions.
- RBSM LLP appointed as new auditor on April 29, 2024 to audit FY 2023 financials, subject to client acceptance.
- Audit Committee informed on April 10 that KPMG suspended work, causing delay in filing Form 10-K for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474167/000147793224002502/0001477932-24-002502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474167/000147793224002502/cosm_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-002502

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