Marqeta, Inc. (MQ): auditor change — Marqeta dismisses EY, appoints KPMG as auditor; cites material weaknesses

Marqeta, Inc.

Board audit committee dismissed EY as independent auditor effective March 1, 2024; no disagreements on accounting principles.
KPMG engaged as new auditor for fiscal year ending December 31, 2024.
Material weakness in internal control over business combination accounting reported in Q1 2023 10-Q.
Additional material weakness in IT general controls related to revenue processes reported in FY2023 10-K.
EY authorized to respond fully to KPMG inquiries on the reportable events.

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

Marqeta, Inc. engaged KPMG LLP as its auditor.

Action: engagement
Auditor: KPMG LLP

Exact text from the filing

On March 1, 2024, the Audit Committee approved the engagement of KPMG as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, effective immediately.

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

Marqeta, Inc. dismissed Ernst & Young LLP as its auditor.

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

Exact text from the filing

(a) Dismissal of Previous Independent Registered Public Accounting Firm On March 1, 2024 , the Audit Committee (the “Audit Committee”) of the Board of Directors of Marqeta, Inc. (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company's independent registered public accounting firm, effective immediately.

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Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-009637

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