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Sezzle Drops Auditor Amidst Financial Controls Concern
21 Mar
Summary
- Sezzle dismissed Baker Tilly, its independent auditor.
- PwC has been appointed as the new auditor for 2026.
- A material weakness in cash flow classification was disclosed.
Sezzle, a buy now, pay later company, announced on Monday, March 20, 2026, that it has dismissed its independent auditor, Baker Tilly. The company has subsequently appointed PricewaterhouseCoopers (PwC) as its new auditor, with the appointment set for the 2026 fiscal year.
This decision comes after Sezzle disclosed a significant issue in its financial reporting. The company identified a material weakness in its internal controls pertaining to the classification of cash flows related to notes receivable. This weakness specifically impacts fiscal years 2024 and 2025.
Despite the auditor change, Baker Tilly's previous audit opinions for Sezzle's financial statements were unqualified and did not contain any adverse opinions or disclaimers. However, the auditor did note that Sezzle's internal control over financial reporting was ineffective as of December 31, 2025, due to the identified material weakness. Sezzle confirmed no disagreements with Baker Tilly during the relevant periods.
