other material
confidence high
sentiment neutral
materiality 0.50
Zai Lab dismisses Deloitte, appoints KPMG as auditor for FY2022
Zai Lab Ltd
- Audit Committee approved engagement of KPMG LLP for FY2022 SEC and HK Stock Exchange filings, subject to regulatory approvals.
- Dismissal of Deloitte effective after completion of Q1 2022 Form 10-Q and receipt of HK approvals for KPMG.
- No disagreements or reportable events with Deloitte; their 2020 and 2021 reports were unqualified.
- Deloitte provided a letter to the SEC agreeing with the company's disclosures regarding the dismissal.
- Press release dated April 21, 2022 announced the auditor change.