other material
confidence high
sentiment neutral
materiality 0.50
Palisade Bio dismisses BDO as auditor, appoints Baker Tilly effective Sept 21, 2022
PALISADE BIO, INC.
- Audit committee dismissed BDO USA, LLP on Sept 21, 2022; no disagreements during 2020-2021 or interim 2022.
- Prior BDO audit reports contained a going-concern explanatory paragraph for 2020 and 2021.
- Material weaknesses in internal controls over financial reporting noted for 2021 and 2020 (financial close and option valuation).
- Baker Tilly US, LLP appointed as new independent registered public accounting firm for fiscal year 2022.