other_material
confidence high
sentiment negative
materiality 0.65
Maravai LifeSciences dismisses EY, appoints Deloitte; material weakness disclosed
MARAVAI LIFESCIENCES HOLDINGS, INC.
- EY dismissed as auditor; Deloitte appointed effective July 16, 2025 for FY 2025.
- EY's audit reports on financial statements for 2023 and 2024 were unqualified.
- EY's internal control report for 2024 contained an adverse opinion citing material weaknesses in revenue/AR and goodwill impairment.
- No disagreements on accounting principles or reportable events other than the internal control weakness.
- Company did not consult Deloitte before the appointment; EY letter filed as Exhibit 16.1.
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