Latch, Inc. (LTCH): auditor change — Latch dismisses Deloitte & Touche, appoints BDO USA as new auditor

Latch, Inc.

Deloitte dismissed as auditor after 2023 10-K filing; audit reports for 2022-2023 unqualified.
Company had material weaknesses in internal controls as of Dec 2022 and Dec 2023.
Restated financial statements for 2019-2021 and Q1 2022; those periods are no longer reliable.
BDO USA, P.C. appointed as independent auditor for fiscal year ending Dec 31, 2024.
No disagreements with Deloitte; Deloitte authorized to respond to BDO's inquiries.

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

Latch, Inc. engaged BDO USA, P.C. as its auditor.

Action: engagement
Auditor: BDO USA, P.C.

Exact text from the filing

On April 4, 2025, the Audit Committee approved the appointment of BDO USA, P.C. (“BDO”) as the Company’s new independent registered public accounting firm for the year ended December 31, 2024.

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

Latch, Inc. dismissed Deloitte & Touche LLP as its auditor.

Action: dismissal
Auditor: Deloitte & Touche LLP
Successor: BDO USA, P.C.

Exact text from the filing

On April 4, 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors of Latch, Inc. (the “Company”) dismissed Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public accounting firm.

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

Latch, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the Audit Committee, after discussion with management, determined that the Company’s consolidated financial statements for 2019, 2020, 2021 and the first quarter of 2022 (all such interim and annual periods, the “Affected Periods”) should no longer be relied upon.

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Latch, Inc. filing history →

Source: SEC EDGAR

accession 0001826000-25-000046

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