UiPath replaces auditor Grant Thornton with KPMG; notes prior material weakness

UiPath, Inc.

On April 14, 2022, Audit Committee dismissed Grant Thornton (GT) and engaged KPMG for FY2023.
No disagreements on accounting principles or audit scope between UiPath and GT.
Material weakness in internal controls over revenue recognition was identified for FY2020 and remediated as of Jan 31, 2021.
GT's audit reports for FY2021 and FY2022 were unqualified, with no adverse opinion.
KPMG was not consulted on any accounting matters prior to engagement.

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