other material
confidence high
sentiment neutral
materiality 0.45
SiTime dismisses BDO as auditor, appoints Deloitte; material weakness remediated
SITIME Corp
- Audit committee approved Deloitte & Touche as independent auditor for FY2024, replacing BDO USA.
- BDO's prior reports contained no adverse opinion except for material weakness in cash-flow classification controls (as of Dec 31, 2023).
- SiTime remediated the material weakness as of March 31, 2024, after implementing new review procedures.
- No disagreements with BDO during fiscal years 2022-2023 and subsequent interim period.
- BDO provided letter to SEC agreeing with SiTime's disclosures, filed as Exhibit 16.1.