Lovesac replaces auditor Marcum with Deloitte; discloses material weakness in IT controls

Lovesac Co

Marcum LLP dismissed as independent auditor on July 21, 2022; Deloitte & Touche LLP appointed for FY 2023.
No disagreements on accounting principles or audit scope with Marcum during fiscal years 2021-2022.
Marcum reported a material weakness in internal controls: inadequate IT general controls affecting data integrity.
Audit reports for FY 2021 and 2022 were unqualified except for the material weakness footnote in 2022.
Company authorized Marcum to respond fully to Deloitte's inquiries regarding the material weakness.

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