AuditorJul 16, 2026, 04:27 PM
Compass Diversified Appoints Deloitte as New Auditor
AI Summary
Compass Diversified Holdings (CODI) announced the appointment of Deloitte & Touche LLP as its new independent registered public accounting firm, effective July 16, 2026. Deloitte will begin reviewing interim financial information for the quarter ended June 30, 2026, and audit the financial statements for the fiscal year ending December 31, 2026. Concurrently, Grant Thornton LLP was dismissed, though their prior reports included an explanatory paragraph on going concern for 2024 and adverse opinions on internal controls for 2024 and 2025 due to material weaknesses.
Key Highlights
- Compass Diversified appointed Deloitte & Touche LLP as its new independent registered public accounting firm.
- Deloitte will review interim financial information starting Q2 2026 and audit fiscal year 2026 financial statements.
- Grant Thornton LLP was dismissed as the independent registered public accounting firm, effective July 16, 2026.
- Grant Thornton's 2024 report included an explanatory paragraph regarding going concern and restatement of prior financials.
- Grant Thornton issued adverse opinions on internal control over financial reporting for 2025 and 2024 due to material weaknesses.
- No disagreements on accounting principles or practices were reported between CODI and Grant Thornton.
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