other material
confidence high
sentiment neutral
materiality 0.50
Advent Technologies dismisses EY as auditor, appoints M&K; EY letter attached
ADVENT TECHNOLOGIES HOLDINGS, INC.
- EY dismissed as independent auditor on Sept 17, 2024; M&K CPAS appointed on Sept 20, 2024.
- EY's audit reports for FY2023 and FY2022 included a going-concern explanatory paragraph but were unqualified.
- No disagreements with EY on accounting principles or auditing scope during FY2023 and through Sept 17, 2024.
- Material weakness in internal control over financial reporting disclosed in FY2024 10-K was noted as a reportable event.
- EY furnished a letter to SEC (Exhibit 16.1) agreeing with the company's statements in this report.