Stock Track | Workiva Plunges 5.61% After-Hours Following Auditor Change from Ernst & Young to Grant Thornton

Stock Track05-06 04:50

Workiva's stock experienced a significant after-hours plunge of 5.61% on Tuesday following the company's announcement of a change in its independent auditor.

The software company dismissed Ernst & Young as its independent registered public accounting firm, effective immediately after completing its interim review for the quarter ended March 31, 2026. Workiva has appointed Grant Thornton as its new auditor for fiscal year 2026 and related interim periods.

While the company stated that there were no disagreements with Ernst & Young on accounting principles, financial statement disclosures, or auditing procedures, and that audit reports for the past two fiscal years contained no adverse opinions, investors often view auditor changes with caution due to potential concerns about financial reporting quality and internal controls.

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