Mountain Crest Acquisition Corp. V appoints WWC as new auditor after UHY dismissal

Mountain Crest Acquisition (NASDAQ:PLBY) Corp. V (NASDAQ:MCAG) announced the dismissal of UHY LLP as its independent registered public accounting firm, effective August 1, following approval by the company’s audit committee and board of directors. This information is based on a statement included in a recent SEC filing.

UHY LLP had served as the auditor for Mountain Crest Acquisition Corp. V since the company’s inception on April 8, 2021, and audited its financial statements for the period from inception through December 31, 2021, as well as for the fiscal years ending December 31, 2022, 2023, and 2024. According to the company, UHY’s audit reports for these periods did not contain adverse opinions or disclaimers, nor were they qualified or modified as to uncertainties, audit scope, or accounting principles, except for an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern.

The filing states that during UHY’s tenure, including the interim period through August 1, there were no disagreements on accounting principles, financial statement disclosures, or audit procedures, and no reportable events as defined by SEC regulations.

Mountain Crest Acquisition Corp. V has provided UHY with a copy of the disclosure and requested that UHY issue a letter to the Securities and Exchange Commission stating its agreement with the company’s statements. The letter from UHY is included as an exhibit to the filing.

On August 1, the company’s board and audit committee approved the engagement of WWC, P.C. as its new independent registered public accounting firm, effective the same day. The company stated that during the fiscal years ended December 31, 2023 and 2024, and through the date of WWC’s engagement, neither Mountain Crest nor anyone acting on its behalf consulted WWC regarding the application of accounting principles or the type of audit opinion that might be rendered. The company also reported no disagreements or reportable events with WWC during this period.

The information in this article is based on a press release statement included in the company’s SEC filing.

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