RideNow Group dismisses BDO, engages Deloitte as independent auditor
RideNow Group's Audit Committee dismissed BDO USA, P.C. as its independent registered public accounting firm on June 5, 2026, and appointed Deloitte & Touche LLP effective immediately for the fiscal year ending December 31, 2026. BDO's reports on the company's financial statements for fiscal years 2024 and 2025 contained no adverse opinions or disclaimers, and there were no disagreements between the parties on accounting matters. However, the company reported material weaknesses in internal control over financial reporting in both years—including deficiencies in user access, segregation of duties, and controls over the financial close process.
Key facts
- BDO dismissed June 5, 2026, effective immediately
- Deloitte & Touche LLP appointed June 5, 2026, effective immediately
- Material weakness reported as of December 31, 2024: user access and segregation of duties deficiencies in IT systems supporting revenue, inventory, purchasing and financial reporting
- Material weaknesses reported as of December 31, 2025: turnover in accounting/finance staff with manual processes affecting journal entries, revenue, accounts receivable, inventory controls; unresolved segregation of duties deficiencies in procure-to-pay process
- BDO's 2024 report contained adverse opinion on internal control effectiveness
- Company was non-accelerated filer as of December 31, 2025; BDO was not engaged to audit internal controls for 2025
- No disagreements with BDO on accounting principles, disclosure or audit scope through June 5, 2026
Why it matters
The change follows disclosure of sustained material weaknesses in the company's internal control environment spanning two consecutive fiscal years, signaling ongoing challenges in financial reporting infrastructure that the incoming auditor will need to assess and address.
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Derived from 8-K filed 2026-06-11. Not investment advice. View the source filing on SEC.gov →