other material
confidence high
sentiment negative
materiality 0.70
SkyWater dismisses Deloitte, hires KPMG; unremediated control weakness remains
SkyWater Technology, Inc
- Deloitte dismissed as auditor on June 21, 2024; KPMG engaged for FY ending Dec 29, 2024.
- No disagreements or reportable events except a material weakness in Control Activities component, including revenue accounting.
- Material weakness in Control Activities component (incl. revenue) was not remediated as of dismissal date.
- Deloitte's reports for FY2023 and FY2022 were unqualified; Deloitte's letter agreeing with statements filed as Exhibit 16.1.