Oxford Square Capital switches auditor to EY
Oxford Square Capital Corp. has changed its independent auditor, dismissing PricewaterhouseCoopers LLP and appointing Ernst & Young LLP.
Rhea-AI Filing Summary
Oxford Square Capital Corp. has changed its independent auditor, dismissing PricewaterhouseCoopers LLP and appointing Ernst & Young LLP. The board of directors approved this move based on the audit committee’s recommendation.
PWC’s audit reports on the company’s financial statements for the years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications. The company states there were no disagreements with PwC on accounting, disclosure, or audit scope, and no reportable events during those periods. PwC provided a confirming letter to the SEC, which is attached as an exhibit.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 4.01, 9.01
2 items
Item 4.01
Changes in Registrant's Certifying Accountant
Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Auditor change date: May 26, 2026
Prior audited years by PwC: 2025 and 2024 fiscal years
5.50% Notes due 2028: 5.50% coupon
+1 more
4 metrics
Auditor change date
May 26, 2026
Effective date company dismissed PwC and engaged EY
Prior audited years by PwC
2025 and 2024 fiscal years
PwC audit reports had no adverse or qualified opinions
5.50% Notes due 2028
5.50% coupon
Notes traded on NASDAQ Global Select Market as OXSQG
7.75% Notes due 2030
7.75% coupon
Notes traded on NASDAQ Global Select Market as OXSQH
Key Terms
independent registered public accounting firm, reportable events, Regulation S-K, audit committee, +1 more
5 terms
independent registered public accounting firm regulatory
"dismissed PricewaterhouseCoopers LLP (“PwC”) as its independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
reportable events regulatory
"there were (i) no disagreements ... and (ii) no reportable events"
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
Regulation S-K regulatory
"reportable events (as that term is defined in Item 304(a)(1)(v) of Regulation S-K)"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
audit committee financial
"approved by the Company’s board of directors ... based on the recommendation of the audit committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
current report regulatory
"attached as Exhibit 16.1 to this on"
A current report is a regulatory filing companies must submit quickly when a significant event—like a leadership change, major contract, financial restatement, or legal development—occurs. It gives investors an official, timely snapshot of news that could change a company’s outlook, similar to a breaking-news alert for a business; traders use it to reassess value and risk right away.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What auditor change did Oxford Square Capital Corp. (OXSQ) announce?
Oxford Square Capital Corp. replaced PricewaterhouseCoopers LLP with Ernst & Young LLP as its independent registered public accounting firm. The change was approved by the board of directors following a recommendation from the audit committee, and applies going forward from May 26, 2026.
Were there any disagreements between OXSQ and PwC before the auditor change?
The company reports no disagreements with PwC on accounting principles, financial statement disclosure, or auditing scope during the last two fiscal years and through May 26, 2026. It also reports no “reportable events” as defined under SEC Regulation S-K during this period.
How did PwC’s prior audit opinions on Oxford Square Capital’s financials read?
PwC’s audit reports on Oxford Square Capital’s financial statements for the years ended December 31, 2025 and 2024 contained no adverse opinion, no disclaimer of opinion, and were not qualified or modified for uncertainty, audit scope, or accounting principles, according to the company’s disclosure.
Did Oxford Square Capital consult EY before appointing it as auditor?
The company states that during the last two fiscal years and through May 26, 2026, neither it nor anyone on its behalf consulted EY about specific accounting applications, anticipated audit opinions, or any matter involving a disagreement or reportable event under SEC Regulation S-K definitions.
What document did PwC provide in connection with its dismissal by OXSQ?
PwC provided a letter addressed to the Securities and Exchange Commission stating whether it agreed with Oxford Square Capital’s disclosures about the auditor change. This letter, dated May 29, 2026, is included as Exhibit 16.1 in the company’s current report.
Which securities of Oxford Square Capital are listed on NASDAQ?
Oxford Square Capital lists its common stock, par value $0.01 per share, under symbol OXSQ, 5.50% notes due 2028 under OXSQG, and 7.75% notes due 2030 under OXSQH on the NASDAQ Global Select Market, according to the disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
