other material
confidence high
sentiment negative
materiality 0.70
3D Systems dismisses BDO as auditor, appoints Deloitte; discloses material weaknesses
3D SYSTEMS CORP
- BDO's dismissal effective Aug 13, 2024, after completing 2023 audit; Deloitte & Touche LLP named successor.
- One resolved disagreement over accounting for non-reimbursed expenses on a revenue contract.
- Five material weaknesses in internal control over financial reporting disclosed, including revenue process and control environment.
- Company is currently remediating the material weaknesses; BDO reports for 2022-2023 were unqualified.
- Audit committee conducted competitive RFP process leading to auditor change.