regulatory
confidence high
sentiment positive
materiality 0.70
Zai Lab engages KPMG as US auditor to comply with HFCAA and maintain Nasdaq listing
Zai Lab Ltd
- Engaged KPMG LLP as independent auditor for FY2022, replacing Deloitte.
- KPMG is subject to PCAOB inspection, expected to facilitate compliance with Holding Foreign Companies Accountable Act.
- No disagreements or reportable events with Deloitte; dismissal effective after Q1 2022 Form 10-Q and regulatory approvals.
- Transition supports continued Nasdaq listing and global shareholder base.