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Iren Limited (NASDAQ:IREN) announced on Thursday the appointment of KPMG LLP as its new independent registered public accounting firm, effective the same day. The decision was made following a recommendation from the company’s Audit and Risk Committee and subsequent approval by the board of directors.
The company also reported the dismissal of its previous auditor, Raymond Chabot Grant Thornton LLP (RCGT), on Wednesday. RCGT had served as Iren Limited’s independent auditor since May 19, 2023.
According to the company’s statement, during the fiscal years ended June 30, 2025 and June 30, 2024, and through the date of the change, there were no disagreements with RCGT on any matter of accounting principles, financial statement disclosure, or auditing scope or procedure. The audit reports issued by RCGT for these periods did not include adverse opinions or disclaimers of opinion, nor were they qualified or modified, except for an explanatory paragraph in the June 30, 2024 report expressing significant doubt about the company’s ability to continue as a going concern at that time.
The company further disclosed that the only reportable event during RCGT’s tenure was the communication of a material weakness in internal controls over financial reporting, as described in Iren Limited’s Annual Report on Form 20-F for the year ended June 30, 2024.
Iren Limited stated that, prior to KPMG’s appointment, neither the company nor anyone acting on its behalf consulted KPMG regarding the application of accounting principles, the type of audit opinion that might be rendered, or any disagreements or reportable events as defined by SEC regulations.
The company provided RCGT with a copy of its disclosures before filing with the Securities and Exchange Commission and requested that RCGT furnish a letter to the SEC stating whether it agrees with the company’s statements. This letter is included as an exhibit to the SEC filing.
All information in this article is based on a press release statement issued by Iren Limited in a filing with the Securities and Exchange Commission.
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