other material
confidence high
sentiment neutral
materiality 0.55
Perimeter Solutions, Inc. (PRM): auditor change — Perimeter Solutions dismisses BDO as auditor, appoints KPMG for FY2024
Perimeter Solutions, Inc.
- BDO USA, P.C. dismissed as independent auditor effective March 18, 2024; KPMG LLP appointed for fiscal year ending December 31, 2024.
- BDO's audit reports for 2022 and 2023 were unqualified, with no adverse opinion or disclaimer.
- No disagreements between company and BDO on accounting principles or audit scope during the relevant periods.
- Material weaknesses in internal controls for 2022 (performance-based stock, business combinations, cash flow presentation) were reported and remediated as of December 31, 2023.
- Company provided BDO disclosure; BDO furnished letter to SEC agreeing with statements (Exhibit 16.1).