other material
confidence high
sentiment negative
materiality 0.65
Nano Dimension dismisses KPMG as auditor, taps PwC Israel after adverse ICFR opinion
Nano Dimension Ltd.
- KPMG dismissed Sept. 28, 2026 with Audit Committee approval; Kesselman & Kesselman (PwC Israel) engaged the same day for the FY2026 audit and Q3 2026 review.
- KPMG's FY2025 report on internal control over financial reporting carried an adverse opinion tied to a disclosed material weakness.
- Material weakness: insufficient accounting knowledge/training led to ineffective controls over valuation of acquired intangibles and discontinued operations (10-K Item 9A).
- No disagreements or reportable events with KPMG except the material weakness; KPMG's opinion on the FY2025 consolidated financial statements was unqualified.
- KPMG provided a letter dated Oct. 2, 2026 (Exhibit 16.1) agreeing with the company's statements; no consultation with PwC Israel on accounting matters.