ACRES Commercial Realty Corp. 8-K

What Happened
ACRES Commercial Realty Corp (ACR) filed an 8‑K on April 30, 2026 announcing that its Audit Committee on April 27, 2026 decided to dismiss Ernst & Young LLP (EY) as the company’s independent registered public accounting firm and to engage PricewaterhouseCoopers LLP (PwC) as the new auditor. The change is effective upon the filing of ACRES’s Form 10‑Q for the quarter ended March 31, 2026.

Key Details

• Dismissal and appointment approved April 27, 2026; effective upon filing the Q1 2026 Form 10‑Q.
• EY’s reports for the years ended December 31, 2025 and 2024 were unqualified (no adverse or disclaimer of opinion) and contained no modifications for uncertainty, audit scope, or accounting principles.
• The company reports no disagreements or “reportable events” with EY during 2024, 2025 or interim periods; EY provided a letter dated April 30, 2026 (filed as Exhibit 16.1) responding to the disclosure.
• ACRES and its representatives did not consult PwC on matters covered by Regulation S‑K Items 304(a)(2)(i) or (ii) during the two most recent fiscal years and subsequent interim periods.

Why It Matters
A change of independent auditor is material to investors because it can affect how future financial statements are audited and presented. Here, ACRES states the change was not due to any disagreement with EY and prior EY reports were unmodified, which suggests continuity in financial reporting to date. Investors should watch the upcoming Q1 2026 Form 10‑Q for the new auditor’s report and any notes about audit procedures or changes in accounting practices.