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Diodes Incorporated (NASDAQ:DIOD), a semiconductor company based in Plano, Texas, announced a change in its independent registered public accounting firm. This decision follows the merger of its previous auditor, Moss Adams LLP, with Baker Tilly US, LLP. The merger, effective this past Tuesday, led to Moss Adams resigning as the company’s auditor.
The Audit Committee of Diodes’ Board of Directors approved the appointment of Baker Tilly as the new independent auditor. This transition comes without any reported disagreements or issues related to accounting principles, financial statement disclosures, or auditing procedures.
Moss Adams had audited Diodes’ financial statements for the years ending December 31, 2024, and 2023. Their reports did not contain any adverse opinions or disclaimers, nor were they qualified or modified in terms of uncertainty, audit scope, or accounting principles.
During the transition period, Diodes did not consult Baker Tilly regarding the application of accounting principles or the type of audit opinion that might be rendered on the company’s financial statements. Furthermore, there were no reportable events that required disclosure under SEC regulations.
Diodes provided Moss Adams with a copy of the SEC Form 8-K before its filing and requested a letter confirming agreement with the statements made within. Moss Adams has confirmed their agreement with the company’s statements in a letter to the SEC.
This information is based on a press release statement filed with the Securities and Exchange Commission.
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