other material
confidence high
sentiment negative
materiality 0.70
Inspired Entertainment, Inc. (INSE): auditor change — Inspired Entertainment dismisses Marcum as auditor; appoints KPMG, cites material weaknesses
Inspired Entertainment, Inc.
- No disagreements with Marcum; engagement ended March 17, 2023.
- Material weaknesses identified: ineffective control environment (2021), IT and cash collection process deficiencies (2022).
- Marcum's audit report on internal control over financial reporting as of Dec 31, 2022 was adverse due to material weaknesses.
- Audit Committee approved KPMG as new independent registered public accounting firm for FY2023.
- No prior consultations with KPMG regarding accounting principles or audit opinions.