Business Context and Reporting Period
Aurora Innovation, Inc. filed this Form 8-K regarding a change in its independent registered public accounting firm. The report date and earliest event date were March 7, 2023; the filing was signed March 9, 2023. The company’s fiscal year ends December 31.
Financial Metrics and Liquidity
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating and financial metrics.
Material Changes Versus the Prior Comparable Period
- On March 7, 2023, the Audit Committee dismissed KPMG LLP as the company’s independent registered public accounting firm following a comprehensive selection process.
- The Audit Committee appointed PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023, subject to customary client acceptance procedures and execution of an engagement letter.
- KPMG’s audit reports on the consolidated financial statements for the years ended December 31, 2022 and 2021 contained no adverse opinion, disclaimer, qualification, or modification related to uncertainty, audit scope, or accounting principles.
- The company reported no disagreements with KPMG regarding accounting principles, financial statement disclosures, or audit scope and procedures during 2022, 2021, or the interim period from January 1 through March 7, 2023.
- The company also reported no reportable events during those periods.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no financial guidance or operating outlook. The auditor transition is the principal unusual corporate event disclosed. The filing states that Aurora had not consulted PwC during the relevant periods about specific accounting treatments, potential audit opinions, disagreements, or reportable events.
KPMG provided a letter dated March 9, 2023, filed as Exhibit 16.1, addressing the company’s disclosures regarding the auditor change.
Key Facts to Verify
- Confirm completion of PwC’s client acceptance procedures and execution of the engagement letter.
- Review KPMG’s Exhibit 16.1 letter for its response to Aurora’s disclosures.
- Verify that subsequent filings identify PwC as the company’s independent registered public accounting firm for fiscal 2023.
- Assess future filings for any changes in audit opinions, internal controls, accounting policies, or reportable events.