other material
confidence high
sentiment neutral
materiality 0.30
StandardAero, Inc. (SARO): auditor change — StandardAero switches auditor from PwC Canada to PwC US; cites prior material weaknesses in internal controls
StandardAero, Inc.
- On Nov 25, 2024, Audit Committee dismissed PwC Canada and appointed PwC US as independent auditor for FY 2024.
- No disagreements with PwC Canada on accounting principles, disclosure, or audit scope during 2022-2023 and through Nov 25, 2024.
- Material weaknesses in internal control over financial reporting were identified for 2022 and 2023, including insufficient resources and IT controls.
- PwC Canada's letter to SEC dated Nov 26, 2024 filed as Exhibit 16.1.