Workhorse Says Former Auditor Indicated Going-Concern Doubt

Workhorse says Grant Thornton declined to stand for reappointment as its auditor for fiscal year 2024 and hasn’t engaged a new accounting firm.

Grant Thornton’s report on company’s financial statements for fy23 included explanatory paragraph indicating “substantial” going-concern doubt
Management identified material weakness in operation of internal controls over financial reporting, citing employee turnover and insufficient internal resources

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To contact the reporter on this story:
Lin Cheng in New York at lcheng97@bloomberg.net

To contact the editor responsible for this story:
Zachary Fleming at zfleming2@bloomberg.net

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