other material
confidence high
sentiment negative
materiality 0.55
Travere Therapeutics, Inc. (TVTX): auditor change — Travere Therapeutics dismisses BDO as auditor, appoints EY; discloses material weakness in internal controls
Travere Therapeutics, Inc.
- BDO dismissed as independent auditor effective April 6, 2023; EY appointed for fiscal year ending Dec 31, 2023.
- BDO's audit reports for FY2022 and FY2021 were unqualified with no adverse opinion or modifications.
- Disclosed material weakness in controls over pre-launch inventory contract affecting R&D expense timing; no restatement required.
- No disagreements with BDO on accounting principles or audit scope during 2022, 2021, or interim period through April 6, 2023.