other material
confidence high
sentiment negative
materiality 0.60
Zura Bio Ltd (ZURA): auditor change — Zura Bio engages Withum as new auditor; discloses material weakness in internal controls
Zura Bio Ltd
- Engaged WithumSmith+Brown as independent auditor for FY 2023, replacing Marcum LLP.
- Marcum's report on Dec 31, 2022 financials contained no adverse opinion or qualification.
- Management identified a material weakness related to accounting for complex financial instruments and IPO proceeds.
- No disagreements with Marcum on accounting principles or audit scope during the period.
- Marcum provided a letter agreeing with the disclosures, filed as Exhibit 16.1.