other material
confidence high
sentiment negative
materiality 0.85
MusclePharm Corp: auditor change — Auditor Moss Adams resigns; MusclePharm cites internal control weaknesses and going concern
MusclePharm Corp
- Moss Adams resigned as independent accountant effective Jan 4, 2023.
- No disagreements with Moss Adams; however, material weaknesses in internal controls were reported.
- Moss Adams' April 2022 opinion included a going concern explanatory paragraph.
- Company restated 2021 annual and Q1 2022 financials; no filings made after March 31, 2022.
- Significant accounting staff turnover and lack of technical expertise cited as control deficiencies.