---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-009637"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:28:15.685087+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Marqeta dismisses EY, appoints KPMG as auditor; cites material weaknesses

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-009637
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000162828024009637/0001628280-24-009637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000162828024009637/mq-20240301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-009637
- JSON: https://secwatch.observer/filing/0001628280-24-009637.json
- Plain text: https://secwatch.observer/filing/0001628280-24-009637.txt

## Key facts
- Auditor Changes
  Marqeta, Inc. engaged KPMG LLP as its auditor.
  - Action: engagement
  - Auditor: KPMG LLP
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000162828024009637/0001628280-24-009637-index.htm
- Auditor Changes
  Marqeta, Inc. dismissed Ernst & Young LLP as its auditor.
  - Action: dismissal
  - Auditor: Ernst & Young LLP
  - Successor: KPMG LLP
  source text: (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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000162828024009637/0001628280-24-009637-index.htm

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