Core Scientific, Inc./tx (CORZ): auditor change — Core Scientific dismisses EY as auditor, engages Marcum; cites material weaknesses

Core Scientific, Inc./tx

Audit committee approved Marcum LLP as independent auditor for FY 2022, subject to client acceptance.
EY dismissed effective upon filing of Q3 2022 Form 10-Q; EY's prior reports were unqualified.
No disagreements with EY on accounting principles or audit scope.
Material weaknesses identified: insufficient technical accounting expertise, poor recordkeeping, segregation-of-duties deficiencies for journal entries and crypto wallets.

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

Core Scientific, Inc./tx dismissed Ernst & Young LLP as its auditor.

Action: dismissal
Auditor: Ernst & Young LLP
Successor: Marcum LLP

Exact text from the filing

At the same meeting, the Audit Committee approved the dismissal of Ernst & Young LLP ("EY") as independent registered public accounting firm of the Company effective upon the date of the filing of the quarterly report on Form 10-Q for the quarter ending September 30, 2022.

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

Core Scientific, Inc./tx engaged Marcum LLP as its auditor.

Action: engagement
Auditor: Marcum LLP

Exact text from the filing

At a meeting held on October 24, 2022, the Audit Committee of the Board of Directors of Core Scientific, Inc. (the “Company”) approved the engagement of Marcum LLP (“Marcum”) as its independent registered public accounting firm for the fiscal year ending December 31, 2022, subject to Marcum’s completion of their client acceptance procedures.

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Core Scientific, Inc./tx filing history →

Source: SEC EDGAR

accession 0001628280-22-027303

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