secwatch.observer — SEC 8-K summary
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Issuer:     Porch Group, Inc. (PRCH)
CIK:        0001784535
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001784535-23-000036
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Porch Group replaces EY with Grant Thornton as auditor; material weaknesses persist
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784535/000178453523000036/0001784535-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784535/000178453523000036/prch-20231002.htm
  HTML page:      https://secwatch.observer/filing/0001784535-23-000036

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