Filing Analysis
🔍 Auditor Change
Filed Jun 21, 2024
⚪ LOW
Credit Suisse Asset Management Income Fund, Inc. has engaged Ernst & Young LLP (EY) as its independent registered public accounting firm for the fiscal year ending December 31, 2024.
📋 Key Facts
- Effective date of engagement: June 19, 2024.
- New auditor: Ernst & Young LLP (EY).
- The Board of Directors approved the engagement upon recommendation from the Audit Committee.
- No disagreements with previous auditors were reported regarding accounting principles or audit opinions for the periods ending Dec 31, 2022, Dec 31, 2023, or through June 19, 2024.
🔍 Auditor Change
Filed May 02, 2024
🟡 MEDIUM
The Fund is dismissing PwC as its independent auditor because PwC will no longer be considered an independent registered public accounting firm for the Fund after April 30, 2024. Additionally, Credit Suisse Asset Management, LLC has merged into UBS Asset Management (Americas) LLC.
🚩 Red Flags
- Auditor change triggered by loss of independence (often due to structural changes in parent companies/mergers).
📋 Key Facts
- PwC dismissed as independent auditor effective after April 30, 2024.
- Reason for dismissal: PwC ceasing to be deemed an independent registered public accounting firm with respect to the Fund.
- No disagreements with PwC regarding accounting principles, practices, or auditing scope were reported.
- PwC's reports for fiscal years ended Dec 31, 2023, and Dec 31, 2022, contained no adverse opinions or disclaimers.
- Credit Suisse Asset Management, LLC merged into UBS Asset Management (Americas) LLC on May 1, 2024.
- UBS AM (Americas) is the surviving entity and new investment manager to the Fund.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.