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Faraday Future Intelligent Electric Inc. | 8-K: Current report

SEC announcement · Apr 15 16:35

FFIE -11.06%

Summary by Moomoo AI

Faraday Future Intelligent Electric Inc. has announced that its independent registered public accounting firm, Mazars USA LLP, will resign as the company's auditor effective with the filing of the Form 10-Q for the quarter ended March 31, 2024, and no later than May 31, 2024. The resignation was reported in a Form 8-K filed with the SEC on April 15, 2024. The company's financial statements for the fiscal year ended December 31, 2022, audited by Mazars, did not contain any adverse opinion or disclaimer of opinion, and were not qualified or modified regarding uncertainty, audit scope, or accounting principle. However, the report included an emphasis on a matter regarding substantial doubt about the company's ability to continue as a going concern. Faraday Future also disclosed in its Form 10-K/A for the fiscal year ended December 31, 2022, that it did not maintain effective internal control over financial reporting. No disagreements were reported between the company and Mazars on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures for the fiscal year. The company has provided Mazars with the disclosures made in the Form 8-K and has received a letter from Mazars, filed as Exhibit 16.1, confirming their agreement with the statements made in the report.

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