Riot Platforms, Inc. (RIOT): auditor change — Riot Platforms dismisses auditor Marcum, engages Deloitte; cites material weaknesses in internal controls

Riot Platforms, Inc.

Effective May 18, 2023, Riot dismissed Marcum LLP and engaged Deloitte & Touche as its new independent auditor.
Marcum's reports for FY2021 and FY2022 included adverse opinions on internal control over financial reporting due to material weaknesses.
FY2021 material weaknesses: IT user access controls, change management, third-party data for mining revenue and Bitcoin valuation, intangible asset valuation.
FY2022 material weakness: controls over review of Bitcoin for potential impairment.
No disagreements with Marcum on accounting principles or practices; dismissal approved by Audit Committee.

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

Riot Platforms, Inc. engaged Deloitte & Touche as its auditor.

Action: engagement
Auditor: Deloitte & Touche

Exact text from the filing

Effective May 18, 2023, Riot engaged Deloitte & Touche (“Deloitte”) as the Company’s new independent registered public accounting firm, commencing with the review of the financials for the quarter ending June 30, 2023, as recommended, authorized and approved by the Audit Committee.

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

Riot Platforms, Inc. dismissed Marcum LLP as its auditor.

Action: dismissal
Auditor: Marcum LLP

Exact text from the filing

Effective May 18, 2023, Riot Platforms, Inc. (“Riot” or the “Company”) dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, not as a result of any disagreement on any matter of accounting principles or practices, financial statement disclosure, or audit scope or procedure.

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Riot Platforms, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-010315

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