Qualtrics International Inc.: auditor change — Qualtrics dismisses KPMG as auditor, appoints BDO; cites material weakness in IT controls

Qualtrics International Inc.

Audit Committee dismissed KPMG after 2022 audit; KPMG's reports unqualified except for material weakness in internal controls.
Material weakness: risk assessment over IT general controls, logical access, change management, and process-level controls.
No disagreements or reportable events with KPMG other than the material weakness.
BDO USA appointed as new auditor for FY2023 per SAP master transaction agreement; effective upon engagement letter.

item 4.01 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

Qualtrics International Inc. engaged BDO USA, LLP as its auditor.

Action: engagement
Auditor: BDO USA, LLP

Exact text from the filing

On February 21, 2023, the Audit Committee appointed BDO USA, LLP (“BDO”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, to be effective upon the execution of an engagement letter and related completion of BDO’s standard client acceptance procedures to ensure their independence.

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

Qualtrics International Inc. dismissed KPMG LLP as its auditor.

Action: dismissal
Auditor: KPMG LLP

Exact text from the filing

On February 21, 2023, the Audit Committee of the Board of Directors (the “Audit Committee”) of Qualtrics International Inc. (the “Company”) approved the dismissal of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm, upon completion of KPMG’s audit of the Company’s consolidated financial statements as of and for the year ended December 31, 2022 and of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2022, and issuance of KPMG’s reports thereon.

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Source: SEC EDGAR

accession 0001628280-23-005055

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