Compass Diversified replaces Grant Thornton with Deloitte as auditor
Compass Diversified Holdings dismissed Grant Thornton LLP as its independent registered public accounting firm on July 16, 2026, and appointed Deloitte & Touche LLP to review interim financial information for the quarter ended June 30, 2026 and audit the fiscal year ending December 31, 2026. Grant Thornton's reports on the company's internal control over financial reporting for fiscal years 2024 and 2025 expressed adverse opinions due to material weaknesses; prior to dismissal, there were no disagreements between the company and Grant Thornton on accounting or auditing matters.
Key facts
- Deloitte appointed July 16, 2026 to review quarter ended June 30, 2026 and audit fiscal year ending December 31, 2026
- Grant Thornton dismissed effective immediately on July 16, 2026
- Grant Thornton's reports on internal control for December 31, 2025 and December 31, 2024 expressed adverse opinions due to material weaknesses
- Grant Thornton's 2024 report included explanatory paragraphs relating to substantial doubt about the company's ability to continue as a going concern
- No disagreements between the company and Grant Thornton on accounting principles, practices, disclosure, or auditing scope during the fiscal years ended December 31, 2025 and 2024 and subsequent interim period through July 16, 2026
Why it matters
The switch in auditors follows Grant Thornton's identification of material weaknesses in internal control over financial reporting and its going-concern qualification in the 2024 audit, signaling potential governance or accounting control challenges that the company is addressing through fresh independent oversight.
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Derived from 8-K filed 2026-07-16. Not investment advice. View the source filing on SEC.gov →