ThredUp dismisses KPMG, appoints Deloitte; material weaknesses previously reported

ThredUp Inc.

Deloitte appointed as new independent auditor effective Sept 4, 2022, replacing KPMG after competitive process.
No disagreements between company and KPMG on accounting matters during FY2020-2021 or interim 2022.
KPMG's reports for FY2020 and FY2021 were unqualified except for adoption of ASC 842 lease accounting.
Material weaknesses reported: ineffective IT controls over financial systems and lack of segregation over reconciliations and journal entries.
KPMG agreed with statements in filing; letter to SEC attached as Exhibit 16.1.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.