ACRES Commercial Realty Corp. dismissed Ernst & Young LLP as its independent auditor and appointed PricewaterhouseCoopers LLP, effective upon filing its Q1 2026 Form 10-Q, with no disagreements or reportable events.
Key takeaways
Audit Committee dismissed EY effective upon 10-Q filing for quarter ended March 31, 2026.
Dismissal not due to disagreements on accounting principles, disclosures, or audit procedures.
EY's audit reports for 2024 and 2025 fiscal years were unqualified.
No reportable events per Item 304(a)(1)(v) of Regulation S-K.
Audit Committee engaged PwC as new auditor for fiscal year ending December 31, 2026.
EY confirmed agreement with Item 4.01(a) disclosures in Exhibit 16.1.