Cosmos Health Inc. Amends Accountant Dismissal Filing
Ticker: COSM · Form: 8-K/A · Filed: May 3, 2024 · CIK: 1474167
Sentiment: neutral
Topics: auditor-change, amendment
TL;DR
Cosmos Health amended its 8-K to clarify auditor dismissal - KPMG is out.
AI Summary
Cosmos Health Inc. filed an amendment (8-K/A) on May 3, 2024, to its April 26, 2024, Form 8-K. This amendment clarifies the dismissal of KPMG Certified Auditors S.A. as the company's independent registered public accounting firm, effective immediately, as initially reported under Item 4.01.
Why It Matters
Changes in a company's auditor can signal potential financial reporting concerns or shifts in accounting practices, which investors should monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or indicate underlying financial issues or disagreements.
Key Players & Entities
- Cosmos Health Inc. (company) — Registrant
- KPMG Certified Auditors S.A. (company) — Former independent registered public accounting firm
- April 26, 2024 (date) — Date of original 8-K filing
- May 3, 2024 (date) — Date of 8-K/A filing
FAQ
What is the purpose of this 8-K/A filing?
The 8-K/A filing serves as an amendment to the original Form 8-K filed on April 26, 2024, to provide further clarification regarding the dismissal of the company's certifying accountant.
Who was dismissed as Cosmos Health Inc.'s independent registered public accounting firm?
KPMG Certified Auditors S.A. was dismissed as the company's independent registered public accounting firm.
When was the original Form 8-K filed reporting the accountant dismissal?
The original Form 8-K was filed on April 26, 2024.
What specific item of Form 8-K was related to the accountant dismissal?
The dismissal of the independent registered public accounting firm was reported under Item 4.01 of Form 8-K.
What is the effective date of the dismissal of KPMG Certified Auditors S.A.?
The dismissal was effective immediately upon reporting.
Filing Stats: 1,294 words · 5 min read · ~4 pages · Grade level 11.6 · Accepted 2024-05-02 20:02:17
Filing Documents
- cosm_8ka.htm (8-K/A) — 34KB
- 0001477932-24-002502.txt ( ) — 161KB
- cosm-20240426.xsd (EX-101.SCH) — 6KB
- cosm-20240426_lab.xml (EX-101.LAB) — 15KB
- cosm-20240426_cal.xml (EX-101.CAL) — 1KB
- cosm-20240426_pre.xml (EX-101.PRE) — 9KB
- cosm-20240426_def.xml (EX-101.DEF) — 2KB
- cosm_8ka_htm.xml (XML) — 4KB
01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT (a) Dismissal of Previous Independent Registered Public Accounting Firm On April 26, 2024, the Company dismissed KPMG as the Company's independent registered accountant, effective immediately. The Company's Audit Committee, mindful of certain filing deadlines under the US securities laws, unanimously voted in favor to dismiss KPMG as the Company's independent auditors. KPMG was unable to complete the audit of the Company's financial statements for the year ended December 31, 2023 on a timely basis. The Company's Board of Directors agreed with such recommendation. KPMG had previously been appointed on August 7, 2023 as the Company's independent registered public accounting firm with the engagement of the review of the Company's Third Quarter Form 10-Q and the audit of the Company's consolidated financial statements as of and for the fiscal year ended December 31, 2023. As previously disclosed, during the two most recent fiscal years and through August 7, 2023, the Company had not consulted with KPMG regarding any matter that was the subject of a disagreement or a reportable event described in Items 304(a)(1)(iv) or (v), respectively, of Regulation S-K under the Securities Exchange Act of 1934. During the subsequent interim period from August 7, 2023 through April 25, 2024, the Company is of the opinion that: there were no (a) disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedure, which disagreements, if not resolved to KPMG's satisfaction, would have caused KPMG to make reference to the subject matter thereof in connection with its report for such period; or (b) reportable events, as described under Item 304(a)(1)(v) of Regulation S-K. We furnished a copy of the disclosures in this report to KPMG and had requested that KPMG furnish us with a letter addressed to the SEC stating whether such firm agrees with the statemen
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Exhibit Title or Description 16.1 Letter from KPMG to the SEC* 16.2 Response Letter from Cosmos Health Inc. to KPMG* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Previously filed in Amendment No.1. 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COSMOS HEALTH INC. Date: May 2, 2024 By: /s/ Georgios Terzis Georgios Terzis Chief Financial Officer 4