Marqeta Changes Auditors to Deloitte & Touche

TL;DR

Marqeta swapped PwC for Deloitte as its auditor, effective March 1st.

AI Summary

Marqeta, Inc. filed an 8-K on March 7, 2024, reporting a change in its certifying accountant. The company dismissed PricewaterhouseCoopers LLP as its independent registered public accounting firm and has appointed Deloitte & Touche LLP as its new principal accountant. This change was effective March 1, 2024.

Why It Matters

A change in a company's auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: medium — A change in auditor, especially without explicit reasons provided, can sometimes precede or coincide with other significant events or financial scrutiny.

Key Players & Entities

• Marqeta, Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
• Deloitte & Touche LLP (company) — New Certifying Accountant
• March 1, 2024 (date) — Effective date of change
• March 7, 2024 (date) — Filing date of the 8-K

FAQ

Key Financial Figures

• $0.0001 — which registered Class A common stock, $0.0001 par value per share MQ The Nasdaq Stock

Filing Documents

• mq-20240301.htm (8-K) — 36KB
• exhibit161-eyletterforchan.htm (EX-16.1) — 2KB
• 0001628280-24-009637.txt ( ) — 176KB
• mq-20240301.xsd (EX-101.SCH) — 2KB
• mq-20240301_def.xml (EX-101.DEF) — 3KB
• mq-20240301_lab.xml (EX-101.LAB) — 24KB
• mq-20240301_pre.xml (EX-101.PRE) — 14KB
• mq-20240301_htm.xml (XML) — 3KB

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 March 1, 2024 , the Audit Committee (the "Audit Committee") of the Board of Directors of Marqeta, Inc. (the "Company") dismissed Ernst & Young LLP ("EY") as the Company's independent registered public accounting firm, effective immediately. The dismissal was not related to any disagreements with EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. Other than as described below, the reports of EY on the consolidated financial statements of the Company as of and for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2023 and 2022, there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which, if not resolved to EY's satisfaction, would have caused EY to make reference thereto in their reports. During the fiscal years ended December 31, 2023 and 2022, there were no "reportable events" (as described in Item 304(a)(1)(v) of Regulation S-K), except for: The material weakness in the Company's internal control over financial reporting as initially reported in Part I, Item 4 of the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023, as filed with the Securities and Exchange Commission (the "SEC") on May 9, 2023, related to its business combination accounting. The material weakness in the Company's internal control over financial reporting as initially reported in Part II, Item 9A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023,

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 16.1 Letter from Ernst & Young LLP dated March 7 , 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MARQETA, INC. Date: March 7, 2024 /s/ Michael (Mike) Milotich Michael (Mike) Milotich Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR