other material
confidence high
sentiment neutral
materiality 0.35
Karat Packaging Inc. (KRT): auditor change — Karat Packaging dismisses PwC as auditor, engages BDO USA for FY 2026
Karat Packaging Inc.
- Audit Committee dismissed PwC and engaged BDO USA as independent auditor for FY 2026, effective March 13, 2026.
- PwC's reports for FY2024 and FY2025 were unqualified; no disagreements on accounting principles or audit scope.
- PwC reported material weaknesses in internal controls for FY2023 (ITGC and entity-level) and FY2024 (segregation of duties), both remediated.
- No prior consultations with BDO on accounting principles or reportable events before engagement.