---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-028935"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:04:08.244650+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Powerfleet dismisses EY as auditor, appoints Deloitte; cites material weaknesses

## Summary
- EY dismissed effective upon filing Form 10-KT for transition period Jan 1-Mar 31, 2024.
- No disagreements with EY on accounting matters, but EY reported material weaknesses in internal controls over financial reporting as of Dec 31, 2023 and 2022.
- Material weaknesses included controls over standalone selling price, capitalized software, business combination, goodwill, convertible preferred stock, and financial close process.
- Deloitte & Touche appointed as new auditor for FY ending Mar 31, 2025, subject to client acceptance procedures.
- EY's 2023 audit report contained explanatory paragraph about restatement of 2022 and 2021 financials.

## SEC filing metadata
- accession: 0001493152-24-028935
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315224028935/0001493152-24-028935-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315224028935/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-028935
- JSON: https://secwatch.observer/filing/0001493152-24-028935.json
- Plain text: https://secwatch.observer/filing/0001493152-24-028935.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.