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- Auditor Change (new) — The company changed its independent auditor from PwC to EY, which can signal underlying issues though none were disclosed here.
Oxford Square Capital switches auditors from PwC to Ernst & Young
Filed May 29, 2026 · Period ending May 26, 2026 · ~1 min read
Key Changes
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Oxford Square dismissed PricewaterhouseCoopers and hired Ernst & Young as its independent auditor effective May 26, 2026, following audit committee recommendation and board approval.
Item 4.01 verify on EDGAR → -
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Company disclosed no disagreements with PwC on accounting principles, financial disclosures, or audit procedures during the past two fiscal years through the dismissal date.
Item 4.01 verify on EDGAR → -
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PwC issued clean, unqualified audit opinions on the company's 2024 and 2025 financial statements with no modifications or adverse findings.
Item 4.01 verify on EDGAR → -
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A letter from PwC to the SEC dated May 29, 2026 was filed as an exhibit, standard procedure for auditor changes.
Exhibit 16.1 verify on EDGAR →
Summary
Oxford Square Capital Corp., a business development company, replaced its auditor PricewaterhouseCoopers with Ernst & Young effective May 26, 2026. While auditor changes always warrant attention, the company's disclosure suggests this was a routine transition rather than a problematic separation.
The filing explicitly states there were no accounting disagreements or reportable control issues during PwC's tenure, and PwC issued clean opinions on the 2024 and 2025 financial statements. For retail investors, auditor changes merit monitoring but aren't automatically concerning. Companies switch auditors for various business reasons including cost, service preferences, or strategic fit.
The key positive signal here is the absence of disagreements or qualified opinions. Watch for Ernst & Young's first audit opinion on the 2026 financial statements, expected in early 2027, to confirm continuity in accounting practices and financial reporting quality.
Section-by-Section Diff
Event · Item 4.01 — Changes in Registrant's Certifying Accountant
Item 4.01 — Changes in Registrant's Certifying Accountant filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 26, 2026, Oxford Square Capital Corp. (the “Company”) dismissed PricewaterhouseCoopers LLP (“PwC”) as its independent registered public accounting firm and engaged Ernst & Young LLP (“EY”) as its new independent registered public accounting firm. The decision to dismiss PwC and engage EY was approved by the Company’s board of directors (the “Board”) based on the recommendation of the audit committee of the Board.
Oxford Square Capital replaced PricewaterhouseCoopers with Ernst & Young as its independent auditor effective May 26, 2026. The change was approved by the board of directors following an audit committee recommendation. Auditor changes can occur for various reasons including cost, service quality, or strategic fit.
Added in current filing · verify on EDGAR →
During the Company’s two most recent fiscal years and in the subsequent interim period through May 26, 2026, there were (i) no disagreements between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreements in their reports on the financial statements for such years, and (ii) no reportable events (as that term is defined in Item 304(a) (1) (v) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)).
The company disclosed that there were no disagreements with PwC on accounting matters and no reportable events during the past two fiscal years through the dismissal date. This suggests the auditor change was not driven by accounting disputes or control issues. The clean separation reduces concerns about the motivation for the change.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The audit reports of PwC on the Company’s financial statements as of and for the fiscal years ended December 31, 2025 and 2024 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
PwC issued unqualified audit opinions on the company's 2024 and 2025 financial statements with no modifications or disclaimers. This indicates the company's historical financial statements were presented fairly and without material issues identified by the outgoing auditor.
Event · Item 9.01 — Financial Statements and Exhibits
Oxford Square Capital filed a letter from PricewaterhouseCoopers LLP to the SEC dated May 29, 2026.
Added in current filing · verify on EDGAR →
Letter from PricewaterhouseCoopers LLP to the Securities and Exchange Commission dated May 29, 2026
The company filed a letter from its auditor PricewaterhouseCoopers LLP addressed to the SEC. Such letters are typically filed under Item 16.1 in connection with auditor changes, resignations, or dismissals, and may disclose disagreements on accounting matters or reportable events. The actual content of the letter is not included in this 8-K body but is referenced as Exhibit 16.1.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify