Wayfair Changes Auditors to Deloitte & Touche

TL;DR

Wayfair dumped PwC for Deloitte. Big accounting shakeup.

AI Summary

On January 28, 2025, Wayfair Inc. announced a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged Deloitte & Touche LLP as its new independent registered public accounting firm, effective immediately.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor closely.

Risk Assessment

Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other accounting concerns, warranting investor attention.

Key Players & Entities

• Wayfair Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
• Deloitte & Touche LLP (company) — New Certifying Accountant
• January 28, 2025 (date) — Effective date of change

FAQ

From the Filing

0001616707-25-000007.txt : 20250131 0001616707-25-000007.hdr.sgml : 20250131 20250131161318 ACCESSION NUMBER: 0001616707-25-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250128 ITEM INFORMATION: Changes in Registrant's Certifying Accountant FILED AS OF DATE: 20250131 DATE AS OF CHANGE: 20250131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wayfair Inc. CENTRAL INDEX KEY: 0001616707 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 364791999 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36666 FILM NUMBER: 25578519 BUSINESS ADDRESS: STREET 1: 4 COPLEY PLACE CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617 532 6100 MAIL ADDRESS: STREET 1: 4 COPLEY PLACE CITY: BOSTON STATE: MA ZIP: 02116 8-K 1 w-20250128.htm 8-K w-20250128 0001616707 false 0001616707 2025-01-28 2025-01-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM  8-K     CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of report (Date of earliest event reported): January 28, 2025     WAYFAIR INC. (Exact name of registrant as specified in its charter)     Delaware 001-36666 36-4791999 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 4 Copley Place                                      Boston MA   02116 (Address of principal executive offices) (Zip Code)   ( 617 ) 532-6100 (Registrant’s telephone number, including area code)   N/A (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)  ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)  ☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 par value per share   W The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 4.01. Changes in Registrant's Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm On January 28, 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors of Wayfair Inc. (the “Company”) approved the decision to change its independent registered public accounting firm and dismissed Ernst & Young LLP (“EY”) as its independent registered public accounting firm, to be effective upon the completion of EY’s audit of the