8-K - Complete Solaria, Inc. (0001838987) (Filer)
Thu, Aug 1, 9:04 PM (88 days ago)
Complete Solaria, Inc. has reported a significant change in its independent registered public accounting firm. Effective August 1, 2024, Deloitte & Touche LLP was dismissed as the company's independent auditor, a decision approved by the Audit Committee of the Board of Directors. Deloitte had served in this role since the merger with Freedom Acquisition I Corp on July 18, 2023. The dismissal follows identified material weaknesses in internal controls over financial reporting, including insufficient accounting personnel and inadequate inventory controls. Deloitte's audit reports for 2022 and 2023 included substantial doubt about the company’s ability to continue as a going concern. Subsequently, the Audit Committee has appointed BDO USA, P.C. as the new independent auditor. There were no disagreements with Deloitte on accounting principles or practices, financial statement disclosure, or auditing scope or procedures. This change may impact the company's financial reporting and stock value.