Compass Diversified Holdings (CODI) announced on July 16, 2026, that its Audit Committee has appointed Deloitte & Touche LLP as its new independent registered public accounting firm, effective immediately. This decision follows the dismissal of Grant Thornton LLP on the same day. Deloitte's engagement will begin with the review of the quarter ended June 30, 2026, and the audit for the fiscal year ending December 31, 2026.
Key Details
- Auditor Change: On July 16, 2026, Deloitte & Touche LLP was appointed as the new auditor, replacing Grant Thornton LLP, which was dismissed.
- Previous Audit Reports: Grant Thornton's reports for fiscal years 2024 and 2025 included adverse opinions on the company's internal control over financial reporting due to material weaknesses. The 2024 report also contained a paragraph expressing substantial doubt about CODI's ability to continue as a going concern.
- No Disagreements: The company stated there were no disagreements with Grant Thornton on any matters of accounting principles, financial statement disclosure, or auditing scope during the past two fiscal years.