other material
confidence high
sentiment neutral
materiality 0.50
Twist Bioscience dismisses PwC, appoints EY as independent auditor
Twist Bioscience Corp
- PwC dismissed as auditor on March 3, 2022; its FY2020 and FY2021 audit reports were unqualified.
- No disagreements with PwC on accounting principles or scope; material weaknesses in internal controls previously disclosed.
- EY appointed as new auditor for FY2022 ending September 30, 2022, after audit committee selection process.
- Previously reported material weaknesses include segregation of duties, revenue accuracy, and IT general controls.