other material
confidence high
sentiment neutral
materiality 0.40
Rackspace dismisses PwC as auditor, appoints KPMG after competitive bid
Rackspace Technology, Inc.
- PwC dismissed on March 21, 2025; no disagreements or reportable events in 2023/2024.
- KPMG appointed as independent auditor for fiscal year ending December 31, 2025.
- PwC's reports on 2024 and 2023 financials were unqualified.
- No prior consultations with KPMG on accounting principles or audit scope.
- Audit Committee led the competitive bid process before the switch.