other material
confidence high
sentiment neutral
materiality 0.50
Renalytix appoints CohnReznick as auditor, dismisses EY after cost review
Renalytix plc
- Audit committee selected CohnReznick as new independent registered public accounting firm for FY ending June 30, 2024, effective June 19, 2024.
- Ernst & Young dismissed effective June 18, 2024; EY reports for FY 2021-2023 contained no adverse opinion except a going concern explanatory paragraph in 2023.
- No disagreements with EY on accounting principles or practices; prior material weakness in stock-based compensation remediated as of June 30, 2023.
- Auditor change part of cost reduction and optimization of third-party support services.