other
confidence high
sentiment neutral
materiality 0.35
Stride dismisses BDO, appoints KPMG as auditor; BDO flagged ITGC material weakness in FY2023
Stride, Inc.
- Audit Committee engaged KPMG for FY2025 ending June 30, 2025, and dismissed BDO effective August 15, 2024.
- BDO's FY2024 and FY2023 reports were unqualified except for an adverse opinion on ICFR due to an ITGC material weakness as of June 30, 2023.
- No disagreements or reportable events (other than the material weakness) occurred during prior two fiscal years or subsequent interim period.
- Stride provided BDO with the disclosures; BDO agreed and furnished a letter (Exhibit 16.1).
- Neither Stride nor its representatives consulted KPMG on accounting principles or disagreements before engagement.