other material
confidence high
sentiment neutral
materiality 0.60
Bakkt Holdings dismisses Ernst & Young, appoints KPMG as new auditor
Bakkt, Inc.
- Audit Committee dismissed EY effective June 3, 2024; no disagreements in EY's reports for FY 2022 and 2023.
- Appointed KPMG as independent auditor for fiscal year ending December 31, 2024.
- EY reports had no adverse opinion, but Q1 2024 10-Q disclosed a material weakness in internal controls.
- Company still remediating the material weakness; KPMG authorized to inquire with EY.