AuditorApr 30, 2026, 04:22 PM
ACR Dismisses EY, Appoints PwC as Independent Auditor
AI Summary
ACRES Commercial Realty Corp. dismissed Ernst & Young LLP as its independent registered public accounting firm, effective upon filing the Q1 2026 Form 10-Q. The company stated that the dismissal was not due to any disagreements on accounting principles or auditing procedures. Concurrently, the Audit Committee approved the engagement of PricewaterhouseCoopers LLP as the new independent auditor for the fiscal year ending December 31, 2026, also effective upon the Q1 2026 10-Q filing.
Key Highlights
- ACR dismissed Ernst & Young LLP (EY) as its independent registered public accounting firm.
- Dismissal effective upon filing the Form 10-Q for the quarter ended March 31, 2026.
- The dismissal was not related to any disagreements on accounting principles or auditing scope.
- EY's reports for 2025 and 2024 contained no adverse opinions or qualifications.
- ACR appointed PricewaterhouseCoopers LLP (PwC) as its new independent auditor.
- PwC's engagement is for the fiscal year ending December 31, 2026.
- PwC's appointment is effective upon filing the Q1 2026 Form 10-Q.
Price Impact
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