other material
confidence high
sentiment neutral
materiality 0.40
Finch Therapeutics Group, Inc. (FNCHQ): auditor change — Finch Therapeutics dismisses Deloitte, appoints Wolf & Company as new auditor effective May 12, 2023
Finch Therapeutics Group, Inc.
- Audit Committee approved dismissal of Deloitte and engagement of Wolf & Company, effective May 12, 2023.
- Decision driven by goal of reducing ongoing costs related to annual audit.
- Deloitte's reports for 2021 and 2022 contained no adverse opinion except a going concern explanatory paragraph.
- Material weakness in internal controls as of Dec 31, 2019 was remediated as of Dec 31, 2021.
- No disagreements or reportable events with Deloitte during 2021, 2022, and through May 8, 2023.