Apple REIT parts ways with Ernst & Young accounting firm.

TLDR:

Key points:

• Apple Hospitality REIT has dismissed Ernst & Young LLP as its independent accounting firm.
• KPMG LLP has been selected to serve as the new independent accounting firm for the fiscal year ending Dec. 31.

Article Summary:

Apple Hospitality REIT has decided to part ways with Ernst & Young LLP as its independent accounting firm following a competitive selection process. The real estate investment trust company has chosen KPMG LLP to take over as the new independent accounting firm for the fiscal year ending Dec. 31. The dismissal of Ernst & Young was effective after the completion of its audit for Apple Hospitality for the fiscal year ending Dec. 31, 2023. This decision marks a significant change in the auditing landscape for Apple Hospitality and could have implications for its financial reporting and transparency moving forward.