Filing Analysis
🔍 Auditor Change
Filed Jun 21, 2024
⚪ LOW
Credit Suisse High Yield Bond Fund has engaged Ernst & Young LLP (EY) as its new independent registered public accounting firm for the fiscal year ending October 31, 2024.
📋 Key Facts
- Effective date of engagement: June 19, 2024.
- New auditor: Ernst & Young LLP (EY).
- The Board of Trustees approved the engagement upon recommendation from the Audit Committee.
- No disagreements with the previous auditor were reported regarding accounting principles or audit opinions for the periods ending Oct 31, 2022, Oct 31, 2023, or through June 19, 2024.
🔍 Auditor Change
Filed May 02, 2024
🟡 MEDIUM
The Fund is dismissing PricewaterhouseCoopers LLP (PwC) as its independent auditor because PwC will no longer be considered an independent registered public accounting firm after April 30, 2024. Additionally, the filing notes a merger where Credit Suisse Asset Management, LLC merged into UBS Asset Management (Americas) LLC.
🚩 Red Flags
- Auditor change triggered by loss of independence (often related to structural changes in the parent/management entity).
📋 Key Facts
- PwC dismissed as independent auditor effective after April 30, 2024.
- Dismissal is due to 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 for fiscal years ended Oct 31, 2023, and Oct 31, 2022, or through April 30, 2024.
- PwC's reports for the last two fiscal years did not contain adverse opinions, disclaimers, or qualifications.
- Credit Suisse Asset Management, LLC merged into UBS Asset Management (Americas) LLC on May 1, 2024.
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.