other material
confidence high
sentiment negative
materiality 0.70
Moss Adams LLP resigns as Quotemedia's auditor; material weaknesses disclosed
QUOTEMEDIA INC
- Moss Adams resigned upon completion of review of Q3 2022 financial statements, effective September 27, 2022.
- No disagreements on accounting principles or practices; reports for 2021 and 2020 were unqualified.
- Material weaknesses in internal controls previously reported, related to complex financial instruments and revenue/lease accounting.
- Company is in process of selecting a successor independent registered public accounting firm.