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Get filing alertsRisk Profile Improvements
- Material Weakness (improved) — The filing discloses a material weakness in internal controls over manual journal entries that was first reported in FY2025 and remediated as of March 29, 2026.
Crown Crafts replaces KPMG with Grant Thornton as auditor after competitive process
Filed August 31, 2026 · Period ending August 27, 2026 · ~1 min read
Key Changes
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medium
Audit Committee approved Grant Thornton as independent auditor for fiscal 2027 and dismissed KPMG effective August 27, 2026, following a competitive proposal process.
Item 4.01 verify on EDGAR → -
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KPMG's audit reports for fiscal 2026 and 2025 were clean, with no adverse opinions, disclaimers, or qualifications.
Item 4.01 verify on EDGAR → -
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No disagreements with KPMG on accounting principles, financial statement disclosure, or audit scope; the only reportable event was a material weakness in internal controls over manual journal entries, remediated as of March 29, 2026.
Item 4.01 verify on EDGAR → -
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Company did not consult Grant Thornton on any accounting or auditing matters before the engagement.
Item 4.01 verify on EDGAR →
Summary
Crown Crafts has replaced its independent auditor, dismissing KPMG and engaging Grant Thornton for the fiscal year ending March 28, 2027. The change follows a competitive proposal process and is effective August 27, 2026. KPMG's audit reports for the prior two fiscal years were clean, with no adverse opinions or qualifications, and there were no disagreements on accounting principles or audit scope.
The only reportable event was a material weakness in internal controls over manual journal entries, first reported in fiscal 2025 and remediated as of March 29, 2026. This weakness is now resolved, and the company did not consult Grant Thornton on any accounting or auditing matters before the engagement. For retail investors, the auditor change appears routine, but the prior material weakness—though remediated—is a point of historical concern that underscores the importance of ongoing internal control oversight.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify