other material
confidence high
sentiment neutral
materiality 0.60
ORASURE TECHNOLOGIES INC (OSUR): auditor change — OraSure replaces KPMG with Grant Thornton as auditor; discloses material weakness
ORASURE TECHNOLOGIES INC
- KPMG dismissed after 2023 audit completion; Grant Thornton appointed for FY2024, effective upon dismissal.
- No disagreements with KPMG on accounting principles; only reportable event is a material weakness in customer pricing/internal control over revenue recognition.
- Material weakness identified in Q3 2023; financial statements for nine months ended Sept 30, 2023 not misstated.
- KPMG authorized to respond to Grant Thornton inquiries regarding the material weakness.