TransUnion (TRU): auditor change — TransUnion restates Q3 2023 results, cites $80M goodwill error and material weakness

TransUnion

Q3 2023 interim financial statements restated due to ~$80M overstatement of non-cash goodwill impairment (UK reporting unit).
Computational error in manual translation of USD-equivalent revenue base year forecast caused the misstatement.
Material weakness in internal control over financial reporting identified; disclosure controls ineffective as of Sep 30, 2023.
No impact on cash flows, debt covenants, executive compensation, or non-GAAP measures.
Company plans to file amended 10-Q/A as soon as practicable.

item 4.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

TransUnion reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: PricewaterhouseCoopers LLP

Exact text from the filing

Management and the Audit Committee have discussed the matters described in this Item 4.02 with the Company’s independent registered public accounting firm, PricewaterhouseCoopers LLP.

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Source: SEC EDGAR

accession 0001552033-24-000003

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