Falcon's Beyond Global Inc. has announced a significant change in its accounting practices. On May 22, 2025, the company's Board of Directors' Audit Committee approved the dismissal of Deloitte & Touche LLP as its independent registered public accounting firm. This decision comes despite Deloitte & Touche providing unqualified audit reports for the fiscal years ending December 31, 2023, and 2024, with the exception of an explanatory paragraph regarding substantial doubts about the company's ability to continue as a going concern. Falcon's Beyond Global has now appointed KPMG LLP as its new independent registered public accounting firm, effective immediately, for the fiscal year ending December 31, 2025, and related interim periods. The company has also requested a formal letter from Deloitte & Touche to the SEC confirming their agreement with the company's statements about the dismissal.
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