other material
confidence high
sentiment neutral
materiality 0.50
American Woodmark appoints EY as new auditor, replaces KPMG after competitive bid
AMERICAN WOODMARK CORP
- KPMG dismissed after completion of FY2022 audit; EY appointed for fiscal year ending April 30, 2023.
- No disagreements with KPMG on accounting principles or audit scope in FY2020, FY2021, or through May 24, 2022.
- Prior material weakness in IT controls at RSI Home Products (acquired 2017) was fully remediated as of April 30, 2020.
- Audit Committee selected EY following a competitive bid process; KPMG's reports were unqualified.
- KPMG agreed with disclosures; letter filed as Exhibit 16.1.