other material
confidence high
sentiment negative
materiality 0.55
Reviva Pharmaceuticals' auditor Armanino declines re-appointment; audit committee seeks new firm
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Armanino LLP notified Reviva on July 18, 2023 it will not stand for re-appointment after Q3 2023 review.
- Reason: Armanino is transitioning away from providing audit services to public companies.
- Audit reports for FY2021 and FY2022 were unqualified; FY2022 included a going-concern paragraph.
- No disagreements or reportable events occurred during the period through July 18, 2023.
- Audit committee has begun search for a new independent registered public accountant for FY2023 audit.