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- Material Weakness (new) — The company disclosed inadequate formalized accounting processes and insufficient qualified personnel for accurate financial reporting.
- Auditor Change (new) — Silvaco changed auditors from Baker Tilly to KPMG, marking the second auditor transition within a year.
Silvaco dismisses auditor Baker Tilly, hires KPMG amid material weakness in controls
Filed May 27, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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Silvaco disclosed a material weakness in internal controls, citing inadequate accounting processes and insufficient qualified personnel to support accurate and timely financial reporting. This weakness was previously disclosed in the 2024 10-K.
Item 4.01 verify on EDGAR → -
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The Audit Committee dismissed Baker Tilly on May 21, 2026, and engaged KPMG as the new independent auditor on May 27, 2026. This is Silvaco's second auditor change in a year, following Baker Tilly's merger with prior auditor Moss Adams in June 2025.
Item 4.01 verify on EDGAR → -
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Silvaco confirmed no disagreements with Baker Tilly on accounting principles, financial disclosures, or auditing procedures during their tenure. Baker Tilly issued clean audit opinions for 2024 and 2025.
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Source-verified from EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify