other material
confidence high
sentiment negative
materiality 0.55
Tempo Automation Holdings, Inc.: auditor change — Tempo Automation dismisses BDO, appoints Withum as auditor; BDO report had going concern
Tempo Automation Holdings, Inc.
- Dismissed BDO USA, LLP as auditor and appointed WithumSmith+Brown PC for FY2023, effective April 18, 2023.
- BDO's audit report for FY2022 included an explanatory paragraph on substantial doubt about going concern.
- No disagreements with BDO on accounting principles or audit scope during FY2021 and FY2022 audits.
- Material weaknesses in internal control over financial reporting remain unremediated as of filing date.
- Withum's appointment is subject to completion of standard client acceptance procedures.