secwatch.observer — SEC 8-K summary
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Issuer:     ESCO TECHNOLOGIES INC (ESE)
CIK:        0000866706
Form:       8-K/A
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001104659-21-146361
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESCO dismisses KPMG, hires Grant Thornton; KPMG flagged material weakness in internal controls
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- KPMG identified a material weakness: ineffective risk assessment led to weak controls over revenue recognition and inventory costing.
- Company excluded Altanova and Phenix (12.2% of assets, 0.6% of sales) from internal control assessment due to recent acquisitions.
- No disagreements or reportable events with KPMG beyond the material weakness; KPMG agreed with the disclosures.
- Grant Thornton appointed as independent auditor for FY2022; no prior consultations occurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866706/000110465921146361/0001104659-21-146361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866706/000110465921146361/tm2134263d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-146361

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