regulatory
confidence high
sentiment neutral
materiality 0.50
Shenandoah Telecom dismisses KPMG, appoints RSM as new auditor for FY2022
SHENANDOAH TELECOMMUNICATIONS CO/VA/
- Audit committee selected RSM US, LLP as independent auditor for FY2022 ending Dec 31, 2022.
- KPMG dismissed effective March 1, 2022; prior audit reports unqualified except for lease accounting change.
- No accounting disagreements; KPMG had reported material weaknesses in internal control over financial reporting.
- Company authorized KPMG to fully respond to RSM inquiries regarding the reportable event.