Bad week for KPMG with three losses. Around $3 million in annual audit fee loss. There are some interesting changes for this week. Sportsman’s Warehouse Holdings Inc. dismissed KPMG and appointed GT. KPMG had reported a material weakness on the ITGC general controls over IT systems that support the company’s financial reporting processes for the fiscal year ended February 1, 2020. SusGlobal Energy Corp dismissed KPMG and appointed MNP LLP as it auditors. The interesting fact here is that KPMG acquired the previous independent auditor, SF Partnership LLP in May 2020. SF Partnership is chartered accounting firm in Ontario, Canada. The details are below:
| Company | Old Auditor | New Auditor | Nature of change | Total Fee Previous Auditor (‘000) $ |
|---|---|---|---|---|
| Sportsman’s Warehouse Holdings Inc. | KPMG | GT | Dismissed | 1,375 |
| SusGlobal Energy Corp | KPMG | MNP LLP | Dismissed | – |
| American Renal Associates Holdings Inc. | GT | EY | Resigned | 1,002 |
| Greenpro Capital Corp | Weinberg & Co. | JLKZ CPA | Resigned | 130 |
| NexPoint Capital Inc. | – | Cohen & Co. | – | 249 |
| Hibbett Sports Inc. | KPMG | EY | Dismissed | 1,441 |
| DCA Asset Management Inc. | PBTK | – | Dismissed | – |
| Avita Therapeutics Inc | GT Australia | GT USA | – | – |
| JS Beauty Land Network Tech. Inc. | ZH CPA | BFB | Dismissed | – |
| Allyme Group Inc. | ZH CPA | BFB | Dismissed | – |
| MS Young Adventure Enterprise Inc. | ZH CPA | BFB | Dismissed | – |
