Prospect Floating Rate & Alternative Income Fund, Inc.: auditor change — Prospect Floating Rate and Alternative Income Fund changes auditor from BDO to Deloitte

Prospect Floating Rate & Alternative Income Fund, Inc.

Audit committee appointed Deloitte as independent auditor for FY2024, effective immediately, dismissing BDO.
BDO's reports for FY2023 and FY2022 were unqualified; no disagreements on accounting principles or scope.
A material weakness in internal control over financial reporting reported in FY2022 was remediated as of FY2023.
BDO confirmed agreement with the disclosures in a letter to the SEC (Exhibit 16.1).

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Prospect Floating Rate & Alternative Income Fund, Inc. dismissed BDO USA, P.C. as its auditor.

Action: dismissal
Auditor: BDO USA, P.C.
Successor: Deloitte & Touche LLP

Exact text from the filing

On September 28, 2023, the audit committee (the “Audit Committee”) of the Board of Directors of Prospect Floating Rate and Alternative Income Fund, Inc. (the “Company”) approved the appointment of Deloitte & Touche LLP (“Deloitte”), as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024, effective immediately concurrent with the dismissal of BDO USA, P.C. (“BDO”).

View on SEC.gov

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Prospect Floating Rate & Alternative Income Fund, Inc. engaged Deloitte & Touche LLP as its auditor.

Action: engagement
Auditor: Deloitte & Touche LLP

Exact text from the filing

On September 28, 2023, the audit committee (the “Audit Committee”) of the Board of Directors of Prospect Floating Rate and Alternative Income Fund, Inc. (the “Company”) approved the appointment of Deloitte & Touche LLP (“Deloitte”), as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024, effective immediately concurrent with the dismissal of BDO USA, P.C. (“BDO”).

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Source: SEC EDGAR

accession 0001521945-23-000057

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