other material
confidence high
sentiment neutral
materiality 0.65
Village Farms dismisses PwC, appoints KPMG as auditor; two material weaknesses unremediated
Village Farms International, Inc.
- Audit Committee approved dismissal of PwC and appointment of KPMG, effective August 8, 2024.
- No disagreements with PwC on accounting principles or audit scope for fiscal years 2022-2023.
- Two previously disclosed material weaknesses remain unremediated: goodwill impairment controls.
- One previously disclosed material weakness (debt covenant calculation) was remediated as of Dec 31, 2022.
- PwC's audit reports for 2022 and 2023 were unqualified; PwC provided a letter filed as Exhibit 16.1.