Codere Online Luxembourg, S.A. announced on December 28, 2024, the resignation of Marcum LLP as its independent registered public accounting firm. The resignation was attributed to identified IT control deficiencies and insufficient internal controls within the company.
This development highlights ongoing challenges in meeting regulatory expectations and maintaining operational integrity in financial reporting. The company is actively seeking a new auditor to address this critical gap in its financial oversight.
The auditor's resignation directly impacts Codere Online's efforts to complete its financial filings and regain compliance with Nasdaq requirements, adding another layer of complexity to its existing delisting notice for the overdue 2023 Form 20-F.
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