Crawford & Co. Form 8-K Summary
Business Context and Reporting Period
Crawford & Co. (CRD-A, CRD-B) filed this Current Report on Form 8-K on March 4, 2025. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a procedural report regarding auditor engagement.
Material Changes
- Accountant Change: The company has transitioned from Ernst & Young LLP (EY) to KPMG LLP (KPMG) as its independent registered public accounting firm.
- Timeline: EY completed its audit for the fiscal year ended December 31, 2024, upon the filing of the 10-K on March 3, 2025. KPMG was engaged on March 4, 2025, for the fiscal year ending December 31, 2025.
- Selection History: The Audit Committee originally selected KPMG on December 6, 2024, for the 2025 fiscal year.
Management Commentary and Risks
Audit Opinions: EY's reports for the fiscal years ended December 31, 2023, and 2024, did not contain any adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Disagreements: The company reported no disagreements with EY on accounting principles, financial statement disclosures, or auditing scope/procedures during the relevant periods.
Reportable Events: There were no "reportable events" as defined by Regulation S-K Item 304(a)(1)(v) during the tenure of EY.
Consultations: The company confirmed no consultations with KPMG regarding accounting principles or audit opinions prior to the engagement.
Investor Verification Checklist
- Verify the effective date of the auditor transition (March 4, 2025).
- Review the letter from EY (Exhibit 16.1) to confirm their agreement with the company's statements regarding the change.
- Confirm that the 10-K filed on March 3, 2025, contains the final audited financial statements under EY.
- Monitor future filings for the initial audit report issued by KPMG for the 2025 fiscal year.