other material
confidence high
sentiment neutral
materiality 0.55
Cambium Networks Corp (CMBMF): auditor change — Cambium Networks dismisses KPMG, appoints Grant Thornton as auditor; cites material weaknesses
Cambium Networks Corp
- KPMG dismissed as auditor on April 5, 2024; Grant Thornton appointed for FY 2024.
- No disagreements with KPMG in FY 2022/2023 or subsequent interim period.
- KPMG advised of material weaknesses in control environment for inventory obsolescence reserve and deferred tax assets.
- Previous audit reports from KPMG were unqualified; no adverse opinions or modifications.
- Audit committee conducted competitive selection process for new independent accounting firm.