Porch Group, Inc. (PRCH): auditor change — Porch Group replaces EY with Grant Thornton as auditor; material weaknesses persist

Porch Group, Inc.

EY dismissed; Grant Thornton appointed as independent auditor for FY 2023, effective Oct 2, 2023.
No disagreements with EY on accounting principles or practices during prior two fiscal years.
EY's 2021 and 2022 audit reports included adverse opinion on internal controls due to material weaknesses.
2022 material weakness relates to IT controls at subsidiary Homeowners of America; remediation ongoing as of June 30, 2023.

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

Porch Group, Inc. dismissed Ernst & Young as its auditor.

Action: dismissal
Auditor: Ernst & Young
Successor: Grant Thornton LLP

Exact text from the filing

On October 2, 2023, the Company dismissed Ernst & Young (“EY”) as the independent registered public accounting firm for the Company and its subsidiaries, effective immediately.

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

Porch Group, Inc. engaged Grant Thornton LLP as its auditor.

Action: engagement
Auditor: Grant Thornton LLP

Exact text from the filing

On October 2, 2023, Porch Group, Inc. (the “Company”) appointed Grant Thornton LLP (“Grant Thornton”) as the independent registered public accounting firm for the Company and its subsidiaries for the fiscal year ending December 31, 2023, effective immediately.

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Porch Group, Inc. filing history →

Source: SEC EDGAR

accession 0001784535-23-000036

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