Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
Crown Crafts, Inc. (CRWS) changed its independent auditor, appointing Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending March 28, 2027 and dismissing KPMG LLP effective August 27, 2026. KPMG’s audit reports for the fiscal years ended March 29, 2026 and March 30, 2025 contained no adverse opinions, disclaimers, or qualifications.
The company states there were no disagreements with KPMG on accounting, <a href="https://bitcomme.com/salesforce-will-webcast-product-and-financial-sessions-in-september/” title=”Salesforce will webcast product and financial sessions in September”>financial statement disclosure, or audit procedures, and one prior reportable event: a material weakness in internal control over financial reporting related to review and approval of manual journal entries. This weakness was first disclosed for the year ended March 30, 2025 and was reported as remediated as of March 29, 2026.
Positive
- Previously disclosed material weakness in internal control over manual journal entries was reported as remediated as of March 29, 2026.
- Auditor transition to Grant Thornton LLP occurs with no reported disagreements with former auditor KPMG on accounting, disclosure, or audit procedures.
Negative
- The company had a material weakness in internal control over financial reporting related to review and approval of manual journal entries, first reported for the fiscal year ended March 30, 2025.
