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In a recent move, Crawford & Company, a Georgia-based provider of insurance services, announced a change in its independent registered public accounting firm. On December 6, 2024, the company's Audit Committee concluded a competitive selection process and chose KPMG LLP to audit its financial statements for the fiscal year ending December 31, 2025. The engagement is pending as KPMG is currently undergoing its standard evaluation procedures.
The incumbent firm, Ernst & Young LLP (EY), will continue to serve as the independent auditor for the fiscal year ending December 31, 2024. According to the filing, EY's reports on Crawford & Company's financial statements for the years ended December 31, 2022, and 2023, were free of any adverse opinion or significant disagreements over accounting principles or practices.
However, the company disclosed material weaknesses in its internal control over financial reporting in its 2022 annual report. Despite these weaknesses, there were no reportable events or disagreements with EY during the audit periods through December 12, 2024, that would have required a mention in their reports.
Crawford & Company has included a letter from EY in its Form 8-K filed with the SEC, dated December 12, 2024, confirming their agreement with the statements made in the filing.
The company has not engaged KPMG for any consultations during the fiscal years 2022 and 2023 or the interim periods up to December 12, 2024, regarding accounting principles or financial statement audits, nor were there any disagreements or reportable events during that time.
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