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AZZ changes auditor following weaknesses in financial reporting oversight

May 24, 2019 9:08 AM ETAZZ Inc. (AZZ) StockAZZBy: Carl Surran, SA News Editor
  • AZZ says it replaced its auditor after the company disclosed material weaknesses in its financial reporting oversight following two years of accounting difficulties.
  • The company delayed filing its FY 2019 and 2018 annual reports and disclosed separate material weaknesses in its internal controls over financial reporting of revenue in both years.
  • In a new SEC filing, AZZ said BDO included "adverse opinions" on the effectiveness of the company's oversight contained in the auditor's assurance reports.

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