---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-22-000156"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2022-09-06T23:59:59+00:00"
generated_at: "2026-06-23T15:13:15.997590+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ThredUp dismisses KPMG, appoints Deloitte; material weaknesses previously reported

## Summary
- 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.

## SEC filing metadata
- accession: 0001484778-22-000156
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2022-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477822000156/0001484778-22-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477822000156/tdup-20220904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-22-000156
- JSON: https://secwatch.observer/filing/0001484778-22-000156.json
- Plain text: https://secwatch.observer/filing/0001484778-22-000156.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.