Payment company Sezzle has terminated its relationship with auditing firm Baker Tilly and hired PricewaterhouseCoopers for 2026. The company revealed significant internal control weaknesses related to cash flow reporting for 2024 and 2025.
Payment technology company Sezzle announced Monday it has terminated Baker Tilly as its independent auditing firm and selected PricewaterhouseCoopers to handle its financial audits starting in 2026, according to regulatory documents filed by the buy now, pay later service provider.
In the same filing, Sezzle revealed significant internal control deficiencies regarding how it categorized cash flows connected to notes receivable during the 2024 and 2025 fiscal years.
While Baker Tilly provided unqualified audit opinions for both years without issuing adverse findings or disclaimers, the auditing firm determined that Sezzle’s internal financial reporting controls were inadequate as of December 31, 2025, citing the material weakness.
According to the filing, Sezzle maintained it experienced no disputes or disagreements with Baker Tilly throughout the past two fiscal years or during any subsequent interim periods.
The company’s audit committee gave approval for Baker Tilly’s dismissal, while the appointment of PricewaterhouseCoopers remains contingent on completing routine client acceptance procedures.
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