other material
confidence high
sentiment negative
materiality 0.65
TechTarget, Inc. (TTGT): auditor change — TechTarget changes auditor to PwC US; predecessor had material internal control weaknesses
TechTarget, Inc.
- On Dec 18, 2024, Audit Committee dismissed Stowe & Degon and PwC UK and engaged PwC US as new independent auditor for FY 2024.
- PwC UK identified material weaknesses in predecessor's internal controls: lack of formal policies, ineffective IT controls, insufficient US GAAP expertise.
- Prior independence issues between PwC and Informa subsidiaries were terminated before engagement and deemed not impairing objectivity.
- No disagreements with Stowe & Degon or PwC UK on accounting principles or practices.
- New TechTarget did not consult PwC US on any matters under S-K 304(a)(2) prior to engagement.