<a href="https://laohu8.com/S/SVCO">Silvaco Group</a> Transitions to Baker Tilly as New Auditor Amid Internal Control Weaknesses
Silvaco Group Inc. announced a change in its certifying accountants following the merger of its former independent registered public accounting firm, Moss Adams LLP, with Baker Tilly US, LLP. Effective June 3, 2025, the combined audit practices will operate as Baker Tilly. Moss Adams resigned as Silvaco Group's auditors, and Baker Tilly was appointed as the successor on July 8, 2025. The company reported no disagreements with Moss Adams regarding accounting principles or practices during 2023 and 2024. However, a material weakness in internal controls over financial reporting was disclosed, highlighting a lack of formalized processes and insufficient personnel expertise. Moss Adams has provided a letter agreeing with the statements made in Silvaco Group's latest Form 8-K filing with the Securities and Exchange Commission.
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