---
schema_version: "secwatch.filing_event.v1"
accession: "0001521945-23-000057"
form_type: "8-K"
ticker: null
cik: "0001521945"
company_name: "Prospect Floating Rate & Alternative Income Fund, Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:54:14.800384+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Prospect Floating Rate and Alternative Income Fund changes auditor from BDO to Deloitte

## Summary
- 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).

## SEC filing metadata
- accession: 0001521945-23-000057
- form_type: 8-K
- cik: 0001521945
- company_name: Prospect Floating Rate & Alternative Income Fund, Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521945/000152194523000057/0001521945-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521945/000152194523000057/pfloat-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521945-23-000057
- JSON: https://secwatch.observer/filing/0001521945-23-000057.json
- Plain text: https://secwatch.observer/filing/0001521945-23-000057.txt

## Key facts
- Auditor Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521945/000152194523000057/0001521945-23-000057-index.htm
- Auditor Changes
  Prospect Floating Rate & Alternative Income Fund, Inc. engaged Deloitte & Touche LLP as its auditor.
  - Action: engagement
  - Auditor: Deloitte & Touche LLP
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521945/000152194523000057/0001521945-23-000057-index.htm

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