other material
confidence high
sentiment neutral
materiality 0.55
SoundHound AI auditor Armanino resigns; company seeks new accounting firm
SOUNDHOUND AI, INC.
- Armanino resigns as auditor effective earlier of new engagement or filing of Q3 2023 10-Q.
- Resignation due to Armanino's internal decision to stop auditing public companies; no disagreement with SoundHound.
- Audit committee initiating process to select new independent auditor for FY 2023 audit.
- Armanino's reports for 2021 and 2022 were unqualified; no reportable events occurred.
- Armanino provided letter of concurrence with the disclosures, filed as Exhibit 16.1.